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7 Most Admired Companies that fell off the map

Company: SmithKline Beckman

Rank in 1983: 8, Most Admired

Back in 1983, pharmaceutical companies were in the midst of combining, Transformer-style, into the massive global giants we know today. SmithKline Beckman was one of the companies that would later get mushed.

In 1989, SmithKline Beckman merged with the Beecham Group to form SmithKline Beecham plc. Medical instruments company Beckman was a casualty of the merger -- it was spun off along with then-eye-care product maker Allergan. Separately, pharma companies Glaxo and Wellcome joined forces in 1995 to form Glaxo Wellcome. The two separate companies merged in 2000 to form the modern-day goliath GlaxoSmithKline.

By Shelley DuBois @FortuneMagazine - Last updated February 28 2013 03:03 PM ET

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