Word: biomedical
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Dates: during 2000-2009
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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...