Word: biomedical
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Dates: during 1990-1999
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Biomed officials could not be reached for comment.
Around when the lawsuit was filed, Harvard Negotiations did change its name--to Biomed 411. The University pressed on with case anyway in order to ensure that the company wouldn't reuse the name in the future.
Biomed never appeared in court to defend itself, and Harvard won by default.
If Biomed breaks the terms set by the court, its officers could be fined or imprisoned, according to Anthony Prenol, a partner at Blake, Cassels & Graydon, the Toronto-based law firm that represented Harvard.
This new-product cycle has a number of pros bullish on the sector. Sensing opportunity, New York investor Stuart Wiesbrod founded Merlin Biomed, a private health-care fund, just three months ago. He estimates that the entire biotech industry has a stock-market value of about $110 billion. That's...