Merrimack Receives $225 Million Milestone Payment from Ipsen
Merrimack Pharmaceuticals, Inc. (MACK)
Last merrimack pharmaceuticals, inc. earnings: 3/6 07:00 am
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Source: Business Wire
Special Meeting of Stockholders to Approve Plan of Dissolution Scheduled for Friday, May 10, 2024 at 10:00 a.m. Eastern Standard Time CAMBRIDGE, Mass.--(BUSINESS WIRE)--Merrimack Pharmaceuticals, Inc. (Nasdaq: MACK) (“Merrimack” or the “Company”) today announced that it has received a $225 million payment which was due from Ipsen, S.A. as a result of its receipt of approval from the U.S. Food and Drug Administration, or FDA, to market ONIVYDE as a first-line treatment of metastatic adenocarcinoma on the pancreas.Merrimack’s Board of Directors has evaluated the likelihood of receiving additional milestone payments under the Ipsen Agreement and from the 2019 Agreement with Elevation Oncology and has concluded that it is unlikely that any additional milestone payments from either agreement will become payable. We have announced a special meeting of stockholders on May 10, 2024 to approve a Plan of Dissolution which includes plans for a liquidating dividend payable to stockholders. We
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News
- Merrimack Pharmaceuticals Announces Notification of Plan to Voluntary Delist Common Stock on NASDAQ Subject to Receipt of Stockholder Approval of Plan of DissolutionBusiness Wire
- Merrimack Receives $225 Million Milestone Payment from Ipsen [Yahoo! Finance]Yahoo! Finance
- Merrimack Reports Full Year 2023 Financial ResultsBusiness Wire
- Merrimack Pharmaceuticals, Inc. (NASDAQ:MACK) is definitely on the radar of hedge funds investors who own 35% of the company [Yahoo! Finance]Yahoo! Finance
- Merrimack Pharmaceuticals to Get $225M Milestone Payment After FDA's Supplemental NDA Approval [MarketWatch]MarketWatch
MACK
Sec Filings
- 4/30/24 - Form DEFA14A
- 4/30/24 - Form 8-K
- 4/1/24 - Form DEFR14A
- MACK's page on the SEC website