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Merrimack Pharmaceuticals Inc (MACK.OQ)

MACK.OQ on NASDAQ Stock Exchange Global Market

10.35USD
15 Dec 2017
Change (% chg)

$0.17 (+1.67%)
Prev Close
$10.18
Open
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Day's High
$10.47
Day's Low
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Volume
336,399
Avg. Vol
56,593
52-wk High
$54.70
52-wk Low
$10.06

Latest Key Developments (Source: Significant Developments)

Merrimack Pharmaceuticals Files For Mixed Shelf Of Upto $150 Mln
Friday, 15 Dec 2017 04:40pm EST 

Dec 15 (Reuters) - Merrimack Pharmaceuticals Inc ::MERRIMACK PHARMACEUTICALS INC FILES FOR MIXED SHELF OF UPTO $150 MILLION - SEC FILING.  Full Article

Merrimack reports Q3 loss per share from continuing operations $0.40
Wednesday, 8 Nov 2017 06:40am EST 

Nov 8 (Reuters) - Merrimack Pharmaceuticals Inc :Merrimack reports third quarter 2017 financial results.Merrimack Pharmaceuticals Inc - Qtrly loss per share from continuing operations $0.40.Merrimack Pharmaceuticals-Believes unrestricted cash & cash equivalents & payments from shire will be sufficient to fund operations into H2 2019.  Full Article

Merrimack receives orphan drug designation for MM-121 for the treatment of type of lung cancer
Monday, 30 Oct 2017 06:55am EDT 

Oct 30 (Reuters) - Merrimack Pharmaceuticals Inc :Merrimack receives orphan drug designation for MM-121 for the treatment of heregulin positive non-small cell lung cancer.Merrimack Pharmaceuticals - ‍orphan drug designation by FDA includes eligibility for 7-year period of marketing exclusivity for MM-121 upon approval​.Merrimack Pharmaceuticals - ‍MM-121 is currently being evaluated in SHERLOC study; top-line data for SHERLOC study is expected in H2 2018​.  Full Article

Merrimack commences tender offer for outstanding 4.50 pct convertible senior notes
Friday, 13 Oct 2017 07:30am EDT 

Oct 13 (Reuters) - Merrimack Pharmaceuticals Inc ::Merrimack commences tender offer for any and all of its outstanding 4.50 pct convertible senior notes due 2020.Merrimack Pharmaceuticals-commenced tender offer to buy $25.03 million aggregate principal amount of outstanding 4.50 pct convertible senior notes due 2020​.  Full Article

Merrimack announces settlement of convertible note litigation
Tuesday, 10 Oct 2017 04:24pm EDT 

Oct 10 (Reuters) - Merrimack Pharmaceuticals Inc :Merrimack announces settlement of convertible note litigation.Merrimack Pharmaceuticals Inc - ‍agreement resolves outstanding litigation associated with Merrimack's asset sale to Ipsen​.Merrimack - ‍agrees to commence tender offer to purchase outstanding convertible notes with potential to eliminate all remaining debt​.Merrimack Pharmaceuticals Inc - Merrimack does not intend to declare an additional special dividend with any funds from escrow​.Merrimack-Under terms of settlement,co to pay noteholder plaintiffs $0.90 per $1.00 of convertible notes,plus accrued interest,an amount for legal fees​.Merrimack Pharmaceuticals -tender offer to acquire all remaining convertible notes at rate $0.90 per $1.00 of convertible notes, plus accrued interest​.Merrimack -‍settlement payout,amount co expects to pay for remaining notes,expenses related to Delaware action to be about $60 million released from escrow​.  Full Article

Merrimack announces date of one-for-ten reverse stock split
Thursday, 31 Aug 2017 08:00am EDT 

Aug 31 (Reuters) - Merrimack Pharmaceuticals Inc :Merrimack announces date of one-for-ten reverse stock split.Merrimack Pharmaceuticals Inc says ‍one-for-ten reverse stock split- shares of common stock will begin trading on split-adjusted basis on September 6​.  Full Article

Merrimack Pharmaceuticals names Jean Franchi CFO
Monday, 14 Aug 2017 06:55am EDT 

Aug 14 (Reuters) - Merrimack Pharmaceuticals Inc :Names ‍jean Franchi as chief financial officer​.Merrimack Pharmaceuticals Inc - ‍appointment of Jean M. Franchi as chief financial officer, effective August 21, 2017​.  Full Article

Merrimack reports Q2 loss per share $0.22
Wednesday, 9 Aug 2017 06:55am EDT 

Aug 9 (Reuters) - Merrimack Pharmaceuticals Inc :Merrimack reports second quarter 2017 financial results.Q2 loss per share $0.22.Merrimack - continues to believe cash, cash equivalents as of june 30, potential milestone payments, to be sufficient to fund operations into H2 2019​.  Full Article

Merrimack Pharmaceuticals says Richard Peters to be principal financial officer
Friday, 16 Jun 2017 04:53pm EDT 

June 16 (Reuters) - Merrimack Pharmaceuticals Inc ::Merrimack Pharmaceuticals-following resignation of Yasir B. Al-Wakeel,former CFO, Richard Peters to be principal financial officer .  Full Article

Merrimack reports Q1 loss per share $0.23
Wednesday, 10 May 2017 06:45am EDT 

May 10 (Reuters) - Merrimack Pharmaceuticals Inc : :Merrimack reports first quarter 2017 financial results.Q1 loss per share $0.23.Q1 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S.Merrimack Pharmaceuticals Inc - declares special cash dividend to stockholders of $140 million.Merrimack Pharmaceuticals Inc - research and development expenses were $21.6 million for three months ended march 31, 2017, compared to $28.0 million.Merrimack Pharmaceuticals Inc - on April 3, 2017, Merrimack received a $575.0 million upfront cash payment from IPSEN.Merrimack Pharmaceuticals - if certain milestones are met pursuant to deal with shire,co expects to receive up to $33.0 million in net milestone payments.Merrimack Pharmaceuticals- used proceeds to redeem $175 million in outstanding senior notes due in 2022, plus about $20 million of costs associated with redemption.Merrimack - currently forecasted spending rates together with net milestone payments from Shire, will be sufficient to fund its operations into H2 of 2019.Merrimack Pharmaceuticals Inc - has also invested $125.0 million in further development of its streamlined oncology pipeline.  Full Article

BRIEF-Merrimack Pharmaceuticals Files For Mixed Shelf Of Upto $150 Mln

* MERRIMACK PHARMACEUTICALS INC FILES FOR MIXED SHELF OF UPTO $150 MILLION - SEC FILING Source text :[http://bit.ly/2yGsbJv] Further company coverage: