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Merrimack Pharmaceuticals

Cambridge, Massachusetts, United Statesmerrimack.com ↗

Ownership: Public · MACK
Development stage: Commercial

Overview

Merrimack was a clinical-stage biopharma company developing targeted therapies for cancer. Its lead commercial product was Onivyde® for pancreatic cancer. After selling Onivyde to Ipsen in 2017 and discontinuing all remaining clinical programs due to efficacy or safety failures by mid–2019, the company ceased R&D activities and ultimately dissolved in May 2024[4][5][7].

Therapeutic areas: Oncology
Modalities: Antibodies (monoclonal and bispecific)fusion proteinssmall molecules
Industry: Biotech

Drug pipeline

9 assets

gancotamab

8 more assets in the full pipeline.

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Partnerships

Ipsen S.A. – acquired Onivyde® from Merrimack in April 2017 for ~$1 billion with contingent milestones[1][5]Elevation Oncology – acquired rights to MM–121 and MM–111 in July 2019 with milestone payments possible[5]

Financials

Market cap: $224M
Total revenue: $0
Enterprise value: $-20.1M

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