Word: biomedics
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...future is upon us. The medical industry took another step forward Monday when Glaxo Wellcome announced a $76 billion acquisition of SmithKline Beecham, creating yet another "world's largest pharmaceuticals company". As drugmakers jockey for position in the pending biomedical revolution, the recent merger frenzy has seen the largest firms consolidating and branching into two distinct arms - core businesses, which maintain funding streams, and research and development, which positions the firms for the next century. The SmithKline acquisition gives Glaxo one of the world's largest troves of biomed brainpower and a combined $25 billion in annual revenues...
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.