CITY COMPANY COMPLETES MANAGEMENT BUYOUT

Date Published: 17-Jan-2008

A city-based medical device firm has completed a management buy-out [MBO] from its US parent companyAerogen comleted the MBO from Nektar Therapueutics in California for an undisclosed sumHowever, it's understood to be the largest privately financed deal in the medical sector in Ireland in the past yearAerogen, which employs 30 people at its facility at Galway Business Park in Dangan, specialises in drug technology for the respiratory sectorCEO of Aerogen, John Power says the management buy-out will mean an expansion for the Galway based firm