Merrimack Pharmaceuticals Inc. (MACK) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Merrimack Pharmaceuticals, Inc. has announced FDA approval of Onivyde as a first-line treatment for metastatic pancreatic cancer, leading to a $225 million milestone payment from Ipsen. Merrimack’s Board is considering a corporate dissolution and plans to distribute this payment and other assets to shareholders after expenses. They will seek shareholder approval at a special meeting in May 2024 and have noted that plans for dissolution could change if no longer deemed beneficial for shareholders.
For further insights into MACK stock, check out TipRanks’ Stock Analysis page.