Ups and downs Featured

6:03am EDT May 30, 2003
Ups to Gliatech. The last assets of this once-promising biotech firm were finally sold in late April to Netherlands-based European Medical Contract Manufacturing for $500,000 in a deal that includes up to $2 million in royalties. Over the next few months, the company will wrap up remaining legal and administrative issues and put the company to bed once and for all.

Ups to the Cleveland Public Library and OverDrive. The partnership, which will result in offering library patrons electronic books via a digital catalog, could be a big boost for the fledgling e-book industry and provide the region with a true pacesetting venture.