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Word: pharmacia (lookup in dictionary) (lookup stats)
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Confirming long-standing rumors that it was ripe for takeover, Upjohn announced that it would merge with the Swedish drug company Pharmacia AB. The two companies have combined sales of $6.8 billion and will be the world's ninth largest drugmaker. The new company expects to target hmos and other managed-care organizations. About 12% of the work force, or 4,000 jobs, will be eliminated...

Author: /time Magazine | Title: THE WEEK: AUGUST 20-26 | 9/4/1995 | See Source »

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