Word: squibbs
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Dates: during 1980-1989
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...friendly mergers back in vogue? Just three days after the Delaware Supreme Court gave Time Inc. and Warner Communications the go-ahead to join forces, another megamerger was announced. Bristol-Myers (1988 sales: $6 billion) and Squibb ($2.6 billion) said they had agreed to an $11.2 billion stock swap that would create the world's second largest drug company. The friendly merger would be the largest so far in the current race to create globe-spanning pharmaceutical giants. The new company, with headquarters in Manhattan, would bring together such products as Bristol-Myers' Bufferin painkiller and Windex glass cleaner with...
...Squibb and Bristol-Myers a consolidation seemed a natural. It would weld Squibb's skill at research and development with its partner's worldwide sales force. "There is pressure on health-care costs throughout the world. U.S. companies are merging to obtain efficiencies of scale," says David Lippman, who follows the industry for Drexel Burnham Lambert...
Massachusetts General Hospital (MGH) announced last Wednesday the opening of its $18 million, 11 laboratory Neuroscience Center at the Charleston Navy Yard, funded in part by a $6.4 million grant from the pharmaceutical company E.R. Squibb and Sons...
...grant from E.R. Squibb and Sons will support the center's Molecular Neurogenetics Laboratory research in molecular biology and techniques designed to identify and treat neurologic diseases. The Molecular Neurogenetics Laboratory, headed by Dr. James F. Gusella, is the largest of the center's 11 laboratories...
Under the terms of the MGH-Squibb agreement,any patents developed will be owned by thehospital, but Squibb will possess exclusivelicensing rights to those patents...