Ampersand Capital Partners Acquires Nektar Therapeutics' PEG Reagent Manufacturing Business, Launches Gannet BioChem
December 2, 2024
Ampersand Capital Partners has completed the acquisition of Nektar Therapeutics' PEGylation reagent manufacturing business and launched the new Ampersand portfolio company, Gannet BioChem, operating from a 124,000 sq. ft. FDA‑inspected facility in Huntsville, Alabama. The transaction represents a divestiture by Nektar and creates an independent specialty CDMO focused on development, scaling, and GMP production of polyethylene glycol (PEG) reagents for clinical and commercial biopharmaceutical customers.
- Buyers
- Ampersand Capital Partners
- Targets
- Gannet BioChem
- Sellers
- Nektar Therapeutics
- Industry
- Biotechnology
- Location
- Alabama, United States
- Transaction Type
- Divestiture
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