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Gliatech bankruptcy

This article was originally published in The Gray Sheet

Executive Summary

Cleveland biosurgery firm sells Adcon Gel assets to Wright Medical Group Jan. 3 for $8.4 mil. plus future royalties. The pact is expected to close in the first quarter, pending bankruptcy court approval. Discussions with undisclosed parties are ongoing for a sale of Gliatech's Adcon Solution assets (1"The Gray Sheet" Oct. 14, 2002, In Brief)...

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