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  "documentTitle": "Starboard Value | Activist Presentation Deck | 74 slides",
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  "notes": "The chart uses a 'broken axis' visual style for the top two bars (LLY, NVO) to accommodate their significantly higher growth rates.",
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      "text": "We believe the Company should seek to improve R&D and innovation to improve growth prospects.",
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      "text": "Ex-LOE Revenue Growth (2023 to 2030)",
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      "text": "Accounting for sizable patent expirations further highlights Pfizer's lagging gross revenue growth relative to peers.",
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      "text": "Source: Visible Alpha, Bloomberg, and Wall Street research. (1) Based on Starboard's research and estimates...",
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      "text": "Even Excluding Pfizer's Large Patent Expirations, the Company Is Still Expected to Underperform on Growth",
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