Word: beckman
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Dates: during 1980-1989
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...another deal that was driven by global ambitions, shareholders of SmithKline Beckman, developer of the anti-ulcer drug Tagamet, last week approved a merger with London's Beecham Group, which has built strong European markets. One week earlier Dow Chemical agreed to merge its Merrell Dow Pharmaceuticals subsidiary with Marion Laboratories, whose chief prescription drug is Cardizem, an angina treatment. In the afterglow of the Time-Warner marriage and other such deals, companies in many industries may gain greater confidence to embark on friendly combinations...
Around the world, drug companies are teaming up in search of success. Britain's Beecham Group, purveyor of Tums antacid and Brylcreem hair lotion, last month merged with Philadelphia's SmithKline Beckman, developer of the antiulcer drug Tagamet, in a deal that will create the No. 2 pharmaceutical company after Merck. American Home Products, the maker of Advil and Anacin, is acquiring A.H. Robins. Merck, meanwhile, is scarcely standing still. In March the company formed a joint venture with Johnson & Johnson, its New Jersey neighbor, under which Merck will develop over-the-counter versions of patented medicines that Johnson & Johnson...
Tums, meet Tagamet. The race to create global pharmaceutical companies inspired a transatlantic merger last week. London's Beecham Group, maker of Tums antacid, and Philadelphia's SmithKline Beckman, developer of the anti- ulcer drug Tagamet, said they will form a company with more than $6.7 billion in total sales. The merged corporation, to be renamed SmithKline Beecham, will rank No. 2 in the pharmaceutical world to New Jersey-based Merck...
...really silly and intrusive and disruptivethat they have to question the integrity of 800voters," said Thompson backer Joseph C. Beckman."That's exactly what this does...
Thompson echoed Beckman's analysis...