Private company
MERRIMACK PHARMACEUTICALS INC
American pharmaceutical preparations company, incorporated in Delaware1
In its 2024 annual report the company says: “We are a biopharmaceutical company based in Cambridge, Massachusetts that is entitled to receive up to $450.0 million in contingent milestone payments related to our sale of ONIVYDE® to Ipsen S.A., or Ipsen, in April 2017 and up to $54.5 million in contingent milestone payments related to our sale of MM-121 and MM-111 to Elevation Oncology, Inc. (formerly known as 14ner Oncology, Inc.), or Elevation, in July 2019.”3
Last updated Oct 20, 2026.
Overview
- IndustryPharmaceutical Preparations1
- HeadquartersCambridge, Massachusetts1
- Incorporated inDE2
- Business addressOne Broadway, 14Th Floor, Cambridge, Ma 021422
- Filer categoryNon-accelerated filer, Smaller reporting company2
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We are a biopharmaceutical company based in Cambridge, Massachusetts that is entitled to receive up to $450.0 million in contingent milestone payments related to our sale of ONIVYDE® to Ipsen S.A., or Ipsen, in April 2017 and up to $54.5 million in contingent milestone payments related to our sale of MM-121 and MM-111 to Elevation Oncology, Inc. (formerly known as 14ner Oncology, Inc.), or Elevation, in July 2019. We do not have any ongoing research or development activities and are seeking potential acquirers for our remaining preclinical and clinical assets. We do not have any employees and instead use external consultants for the operation of our company.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Cost of revenue | ||||||||
| Research and development | $67.3M4 | $50.0M5 | $11.1M6 | |||||
| Selling, general and admin | ||||||||
| Operating expenses | $2.5M8 | $1.7M9 | $2.0M9 | |||||
| Operating income | -$95.8M4 | -$65.6M5 | -$22.4M6 | -$2.9M7 | -$2.5M8 | -$1.7M9 | -$2.0M9 | |
| Interest | $34.6M4 | $956.0K5 | $1.5M6 | |||||
| Income before tax | -$2.5M8 | -$1.5M9 | -$1.2M9 | |||||
| Income tax | -$42.4M4 | -$7.7M5 | -$1.5M6 | $14.0K7 | $3.0K8 | $3.0K9 | $12.0K9 | |
| Net income | $472.0M4 | -$40.5M5 | -$17.3M6 | -$3.0M6 | -$2.5M8 | -$1.5M9 | -$1.2M9 | |
| Earnings per share | -$0.188 | -$0.119 | -$0.089 | |||||
| Earnings per share (diluted) | -$0.188 | -$0.119 | -$0.089 | |||||
| Shares (weighted, basic) | 13.4M shares8 | 13.5M shares9 | 14.3M shares9 | |||||
| Shares (weighted, diluted) | 13.4M shares8 | 13.5M shares9 | 14.3M shares9 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash | $93.4M4 | $20.1M5 | $16.6M6 | $14.0M7 | $14.2M8 | $19.4M9 | $6.0M9 | |
| Current assets | $95.0M4 | $76.1M5 | $18.7M6 | $16.5M7 | $14.7M8 | $19.8M9 | $19.2M9 | |
| Total assets | $117.3M4 | $88.5M5 | $20.1M6 | $16.8M7 | $14.7M8 | $19.8M9 | $19.2M9 | |
| Accounts payable | $120.0K8 | $188.0K9 | $74.0K9 | |||||
| Current liabilities | $19.8M4 | $14.8M5 | $2.8M6 | $770.0K7 | $562.0K8 | $589.0K9 | $441.0K9 | |
| Long-term debt | $15.0M4 | |||||||
| Total liabilities | $21.0M4 | $29.7M5 | $2.8M6 | $770.0K7 | $562.0K8 | $589.0K9 | $441.0K9 | |
| Retained earnings | -$546.1M8 | -$547.6M9 | -$548.8M9 | |||||
| Shareholders’ equity | $96.3M5 | $58.8M6 | $17.3M7 | $16.0M8 | $14.2M9 | $19.2M9 | $18.7M9 | |
| Shares outstanding | 13.3M shares4 | 13.3M shares5 | 13.4M shares6 | 13.4M shares7 | 13.4M shares8 | 14.2M shares9 | 14.4M shares9 | 14.5M shares13 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -$125.8M4 | -$65.6M5 | -$31.4M6 | -$4.6M7 | -$218.0K8 | -$1.7M9 | -$1.5M9 | |
| Stock-based compensation | $400.0K8 | $100.0K9 | $200.0K9 | |||||
| Capital spending | $915.0K4 | $118.0K5 | ||||||
| Free cash flow | -$126.7M | -$65.7M | ||||||
| Cash from investing | $144.0K8 | $445.0K9 | -$12.4M9 | |||||
| Dividends paid | $140.0M4 | $26.7M6 | ||||||
| Cash from financing | $239.0K8 | $6.5M9 | $521.0K9 | |||||
| Dividend per share | $10.5514 | $2.006 |
Corporate structure
MERRIMACK PHARMACEUTICALS INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of MERRIMACK PHARMACEUTICALS INC
- ADAR1 Partners, LP Filed SCHEDULE 13G on MERRIMACK PHARMACEUTICALS INC, latest Feb 22, 2024
- 22NW Fund, LP Filed SC 13G/A on MERRIMACK PHARMACEUTICALS INC, latest Feb 14, 2024 (2 filings since Feb 13, 2023)
- Newtyn Management, LLC Filed SC 13D/A on MERRIMACK PHARMACEUTICALS INC, latest Jan 25, 2024
- Western Standard LLC Filed SC 13D/A on MERRIMACK PHARMACEUTICALS INC, latest Dec 13, 2023 (2 filings since Aug 14, 2023)
- Point72 Asset Management, L.P. Filed SC 13G/A on MERRIMACK PHARMACEUTICALS INC, latest Feb 14, 2023 (2 filings since Aug 4, 2022)
- 22NW, LP Filed SC 13G/A on MERRIMACK PHARMACEUTICALS INC, latest Feb 14, 2022
- Nantahala Capital Management, LLC Filed SC 13G/A on MERRIMACK PHARMACEUTICALS INC, latest Feb 14, 2022
- MERRIMACK PHARMACEUTICALS INC Cambridge, Massachusetts
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What MERRIMACK PHARMACEUTICALS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
Leadership
Who has led MERRIMACK PHARMACEUTICALS INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerRobert J. Mulroy Feb 1, 2012 to Feb 10, 201615
- PresidentGary L. Crocker Oct 21, 2019 to Oct 21, 201916
- PresidentRobert J. Mulroy Feb 1, 2012 to Feb 10, 201615
- Chief financial officerJean M. Franchi Aug 28, 2017 to Dec 13, 201817
- Chief financial officerYasir B. Al-Wakeel Aug 13, 2015 to Feb 10, 201618
- Chief financial officerWilliam A. Sullivan Feb 1, 2012 to Jul 17, 201519
Board members and other officers (29)
- OfficerGary L. Crocker Jul 24, 2020 to Aug 14, 202320
- Head of ResearchDaryl C. Drummond Apr 10, 2017 to Dec 13, 201821
- Chief Medical OfficerSergio L. Santillana Jun 15, 2017 to Dec 13, 201822
- Principal Accounting OfficerJohn L. Green Jun 20, 2017 to Jun 20, 201723
- Chief Business OfficerThomas E. Needham Jr. Jul 25, 2017 to Aug 3, 201724
- Principal Accounting OfficerWilliam A. Sullivan Feb 10, 2016 to Feb 10, 201625
- Head of DiscoveryBirgit M. Schoeberl Feb 6, 2015 to Jul 27, 201626
- SVP of DevelopmentPeter N. Laivins May 21, 2014 to Feb 10, 201627
- EVP of DevelopmentClet M. Niyikiza Feb 1, 2012 to Mar 13, 201328
- SVP of ManufacturingFazal R. Khan Feb 1, 2012 to Feb 13, 201429
- SVP and CSOUlrik B. Nielsen Feb 1, 2012 to Aug 28, 201430
- SVP of Corporate OperationsWilliam M. McClements Feb 1, 2012 to Mar 1, 201631
- Board memberNoah G. Levy Jan 4, 2023 to Jan 17, 202332
- Board memberAna Radeljevic Jun 17, 2022 to Jun 8, 202333
- Board memberGeorge Demetri Dec 1, 2017 to Jun 15, 201834
- Board memberRussell T. Ray Jan 8, 2015 to Jan 4, 202235
- Board memberUlrik B. Nielsen Feb 24, 2015 to Jun 8, 202336
- Board memberJohn M. Dineen Jun 16, 2015 to Jun 15, 201837
- Board memberVivian S. Lee Nov 18, 2014 to Sep 15, 201738
- Board memberAnthony J Sinskey Feb 1, 2012 to Dec 22, 201439
- Board memberGary L. Crocker Feb 1, 2012 to Aug 14, 202340
- Board memberGordon J. Fehr Feb 1, 2012 to May 18, 201541
- Board memberJames Van B. Dresser Feb 1, 2012 to Jun 3, 201442
- Board memberRobert C. Gay Feb 1, 2012 to Apr 5, 201243
- Board memberRobert J. Mulroy Feb 1, 2012 to Feb 10, 201615
- Board memberSarah E. Nash Feb 1, 2012 to May 15, 201444
- Board memberWalter M. Lovenberg Phd. Feb 1, 2012 to May 1, 201245
- Board memberJames H. Quigley Jul 17, 2012 to Jun 15, 201846
- General counselJeffrey A. Munsie Apr 10, 2017 to Dec 13, 201847
Timeline
- May 10, 20248-K Shareholder vote; Regulation FD disclosure48
- May 9, 20248-K Regulation FD disclosure49
- Apr 30, 20248-K Listing notice or transfer; Regulation FD disclosure50
- Mar 27, 20248-K Regulation FD disclosure51
- Mar 7, 20248-K Regulation FD disclosure52
- Feb 13, 20248-K Regulation FD disclosure53
- Nov 2, 20238-K Regulation FD disclosure54
- Aug 3, 20238-K Regulation FD disclosure55
- Jun 7, 20238-K Shareholder vote56
- May 4, 20238-K Regulation FD disclosure57
- Mar 9, 20238-K Regulation FD disclosure58
- Dec 5, 20228-K Entered a material agreement; Change to shareholders' rights; Regulation FD disclosure59
- Feb 1, 2012New chief executive Robert J. Mulroy becomes CEO15
Filings
119 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 21 major events, 58 insider forms, 12 large holders, 16 other. The latest 20:
- May 20, 202415-12G EDGAR
- May 15, 202410-Q EDGAR
- May 10, 202425 EDGAR
- May 10, 20248-K EDGAR
- May 9, 2024DEFA14A EDGAR
- May 9, 20248-K EDGAR
- Apr 30, 2024DEFA14A EDGAR
- Apr 30, 20248-K EDGAR
- Apr 1, 2024DEFR14A EDGAR
- Mar 27, 2024DEFA14A EDGAR
- Mar 27, 20248-K EDGAR
- Mar 22, 2024DEFA14A EDGAR
- Mar 21, 2024DEF 14A EDGAR
- Mar 21, 202410-K/A EDGAR
- Mar 7, 2024425 EDGAR
- Mar 7, 20248-K EDGAR
- Mar 7, 2024SC 13G/A EDGAR
- Mar 7, 202410-K EDGAR
- Mar 5, 2024PRE 14A EDGAR
- Feb 22, 2024SCHEDULE 13G EDGAR
The 119 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
81 open-market trades by officers, directors and large owners since October 2021: 80 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 28, 2023 | Andersen EricDirector | Buy | 857 | $13.35 | $11.4K | Form 4 |
| Dec 26, 2023 | Andersen EricDirector | Buy | 48,693 | $13.15 | $640.3K | Form 4 |
| Dec 7, 2023 | Andersen EricDirector | Buy | 101,050 | $12.85 | $1.3M | Form 4 |
| Nov 17, 2023 | WESTERN STANDARD PARTNERS LP | Buy | 300 | $12.50 | $3.8K | Form 4 |
| Nov 14, 2023 | WESTERN STANDARD PARTNERS LP | Buy | 50,170 | $12.50 | $627.1K | Form 4 |
| Nov 13, 2023 | Andersen EricDirector | Buy | 15,570 | $12.39 | $192.9K | Form 4 |
| Nov 10, 2023 | Andersen EricDirector | Buy | 38,062 | $12.32 | $468.9K | Form 4 |
| Nov 9, 2023 | Western Standard LLC | Buy | 9,975 | $12.19 | $121.6K | Form 4 |
| Nov 8, 2023 | Western Standard LLC | Buy | 13,823 | $12.13 | $167.7K | Form 4 |
| Aug 11, 2023 | CROCKER GARY LSee Remarks | Buy | 2,000 | $12.43 | $24.9K | Form 4 |
| Aug 10, 2023 | CROCKER GARY LSee Remarks | Buy | 2,000 | $12.52 | $25.0K | Form 4 |
| Aug 8, 2023 | Andersen EricDirector | Buy | 87,057 | $12.00 | $1.0M | Form 4 |
| Aug 7, 2023 | Andersen EricDirector | Buy | 134,493 | $12.00 | $1.6M | Form 4 |
| Mar 21, 2023 | Western Standard LLC | Buy | 160,590 | $11.52 | $1.8M | Form 4 |
| Jan 31, 2023 | Western Standard LLC | Buy | 2,232 | $11.40 | $25.4K | Form 4 |
| Jan 31, 2023 | Andersen EricDirector | Buy | 2,232 | $11.40 | $25.4K | Form 4 |
| Jan 30, 2023 | Western Standard LLC | Buy | 24,735 | $11.36 | $281.0K | Form 4 |
| Jan 30, 2023 | Andersen EricDirector | Buy | 24,708 | $11.36 | $280.7K | Form 4 |
| Jan 27, 2023 | WESTERN STANDARD PARTNERS LP | Buy | 21,875 | $11.40 | $249.4K | Form 4 |
| Jan 12, 2023 | NEWTYN PARTNERS, LP | Buy | 100,000 | $11.90 | $1.2M | Form 4 |
All 81 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ADAR1 Partners, LPSCHEDULE 13G, 1 filing Feb 22, 202460
- 22NW Fund, LPSC 13G/A, 2 filings Feb 13, 2023 to Feb 14, 202461
- Newtyn Management, LLCSC 13D/A, 1 filing Jan 25, 202462
- Western Standard LLCSC 13D/A, 2 filings Aug 14, 2023 to Dec 13, 202363
- Point72 Asset Management, L.P.SC 13G/A, 2 filings Aug 4, 2022 to Feb 14, 202364
- 22NW, LPSC 13G/A, 1 filing Feb 14, 202265
- Nantahala Capital Management, LLCSC 13G/A, 1 filing Feb 14, 202266
SEC filer profile
How MERRIMACK PHARMACEUTICALS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMERRIMACK PHARMACEUTICALS INC1
- CIK0001274792
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)2834 Pharmaceutical Preparations1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business addressOne Broadway, 14Th Floor, Cambridge, MA 021421
- Phone617-441-10001
- Shares outstanding14,788,369 as of May 13, 202412
- Public float$129.7M as of Jun 30, 20239
- On EDGAR sinceDec 29, 20031
- Filings807 in all: 4 (357), 8-K (126), 3 (39), 10-Q (37), SC 13G/A (35), DEFA14A (25), SC 13G (19), UPLOAD (16)1
All 49 form types
SC 13D/A (15), CORRESP (14), 10-K (13), DEF 14A (12), CT ORDER (9), S-8 (9), 4/A (7), EFFECT (5), PRE 14A (5), REGDEX (5), 424B5 (4), PRER14A (4), S-1/A (4), 10-K/A (3), 5 (3), ARS (3), DFAN14A (3), S-3 (3), SC 13D (3), SC TO-I/A (3), CERTNAS (2), FWP (2), POS AM (2), PREC14A (2), PRRN14A (2), 15-12G (1), 25 (1), 305B2 (1), 424B4 (1), 425 (1), 8-A12B (1), 8-A12G (1), 8-K/A (1), D (1), DEFM14A (1), DEFR14A (1), PREM14A (1), S-1 (1), S-3ASR (1), SC TO-I (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 7, 2024
Quarterly report (10-Q) May 15, 2024
Proxy statement (DEF 14A) Mar 21, 2024
Latest 8-K (8-K) May 10, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARGary L. Crocker, President
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- 20SEC EDGARGary L. Crocker, Officer
- 21SEC EDGARDaryl C. Drummond, Head of Research
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- 27SEC EDGARPeter N. Laivins, SVP of Development
- 28SEC EDGARClet M. Niyikiza, EVP of Development
- 29SEC EDGARFazal R. Khan, SVP of Manufacturing
- 30SEC EDGARUlrik B. Nielsen, SVP and CSO
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- 32SEC EDGARNoah G. Levy, Board member
- 33SEC EDGARAna Radeljevic, Board member
- 34SEC EDGARGeorge Demetri, Board member
- 35SEC EDGARRussell T. Ray, Board member
- 36SEC EDGARUlrik B. Nielsen, Board member
- 37SEC EDGARJohn M. Dineen, Board member
- 38SEC EDGARVivian S. Lee, Board member
- 39SEC EDGARAnthony J Sinskey, Board member
- 40SEC EDGARGary L. Crocker, Board member
- 41SEC EDGARGordon J. Fehr, Board member
- 42SEC EDGARJames Van B. Dresser, Board member
- 43SEC EDGARRobert C. Gay, Board member
- 44SEC EDGARSarah E. Nash, Board member
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- 46SEC EDGARJames H. Quigley, Board member
- 47SEC EDGARJeffrey A. Munsie, General counsel
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- 49SEC EDGARRegulation FD disclosure
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- 51SEC EDGARRegulation FD disclosure
- 52SEC EDGARRegulation FD disclosure
- 53SEC EDGARRegulation FD disclosure
- 54SEC EDGARRegulation FD disclosure
- 55SEC EDGARRegulation FD disclosure
- 56SEC EDGARShareholder vote
- 57SEC EDGARRegulation FD disclosure
- 58SEC EDGARRegulation FD disclosure
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