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  September 5, 2001
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Home > Company Index > Drugs > Biotechnology-Medicine > Gliatech Inc.

Gliatech Inc.
Nasdaq: GLIA
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 PROFILE
Think of it as a disappearing Band-Aid for innards. Gliatech uses glial cell technology to make absorbable medical devices that inhibit excessive scarring and adhesions after surgery. Its primary products, ADCON-L (for use in back surgery) and ADCON-T/N (tendon and peripheral nerve surgeries), have been recalled worldwide after an ingredient was recalled by its manufacturer; the firm expects substantial losses until it can relaunch ADCON-L in the US, its key market. Gliatech continues to develop ADCON products for other surgeries. It is also developing treatments for inflammatory diseases with partner Abgenix.

 COMPETITION
Cohesion Technologies, Inc. (CSON)
Johnson & Johnson (JNJ)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 23.70
1-Yr. Sales Growth: (15.4)%
Employees: 84
Revenue per employee: $282,142.86

 KEY PEOPLE
• Robert P. Pinkas
    CEO
• Thomas F. Barnish
    CFO

 CONTACT INFO
23420 Commerce Park Rd.
Cleveland, OH 44122
US
Phone: 216-831-3200
Fax: 216-831-4220
Online: Web Site

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