International Biomedical Inc.

Oil City, PA: (Feb-27-07) A lawsuit was filed after three-year-old Joanne was critically injured in a 2003 ambulance crash. The personal injury lawsuit was filed by the girl's parents against International Biomedical Inc., maker of the incubator and transport equipment. Joanne catapulted from the incubator, which caused catastrophic brain injury. She can never attend school or be gainfully employed. Her injuries have caused her prolonged pain and suffering, as well as disfigurement, emotional distress and mental anxiety The family received $5,307,000 from International Biomedical Inc. of Austin, TX. International Biomedical Inc. is to pay $4,632,000 with $2,300,000 to purchase two annuities that will pay Joanne $13,000 per month for the rest of her life and $2,332,000 will be paid in cash, making it the largest personal injury recovery ever in Venango County. [THE DERRICK: AMBULANCE CRASH]

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