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Merrimack Pharmaceuticals

Nasdaq:MACK
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MACK
Nasdaq
$28M
Market Cap
  1. Home
  2. US
  3. Pharmaceuticals & Biotech
Company description

Merrimack Pharmaceuticals, Inc. operates as a clinical stage biopharmaceutical company that targets biomarker-defined cancers. The last earnings update was 16 days ago. More info.


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  • Merrimack Pharmaceuticals has significant price volatility in the past 3 months.
MACK Share Price and Events
7 Day Returns
28.2%
NasdaqGM:MACK
6.3%
US Biotechs
12.6%
US Market
1 Year Returns
-69.9%
NasdaqGM:MACK
1.6%
US Biotechs
-9.1%
US Market
MACK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Merrimack Pharmaceuticals (MACK) 28.2% -27.7% -37.2% -69.9% -93.2% -98.3%
US Biotechs 6.3% -7.9% -7.9% 1.6% 7.7% -8.8%
US Market 12.6% -16.7% -19.6% -9.1% 8.2% 21.5%
1 Year Return vs Industry and Market
  • MACK underperformed the Biotechs industry which returned 1.6% over the past year.
  • MACK underperformed the Market in United States of America which returned -9.1% over the past year.
Price Volatility
MACK
Industry
5yr Volatility vs Market
Related Companies

MACK Value

 Is Merrimack Pharmaceuticals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Merrimack Pharmaceuticals. This is due to cash flow or dividend data being unavailable. The share price is $2.0899.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Merrimack Pharmaceuticals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Merrimack Pharmaceuticals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:MACK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-1.59
NasdaqGM:MACK Share Price ** NasdaqGM (2020-03-27) in USD $2.09
United States of America Biotechs Industry PE Ratio Median Figure of 37 Publicly-Listed Biotechs Companies 15.87x
United States of America Market PE Ratio Median Figure of 2,935 Publicly-Listed Companies 13.38x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Merrimack Pharmaceuticals.

NasdaqGM:MACK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:MACK Share Price ÷ EPS (both in USD)

= 2.09 ÷ -1.59

-1.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Merrimack Pharmaceuticals is loss making, we can't compare its value to the US Biotechs industry average.
  • Merrimack Pharmaceuticals is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Merrimack Pharmaceuticals's expected growth come at a high price?
Raw Data
NasdaqGM:MACK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Biotechs Industry PEG Ratio Median Figure of 34 Publicly-Listed Biotechs Companies 0.99x
United States of America Market PEG Ratio Median Figure of 2,005 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Merrimack Pharmaceuticals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Merrimack Pharmaceuticals's assets?
Raw Data
NasdaqGM:MACK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.29
NasdaqGM:MACK Share Price * NasdaqGM (2020-03-27) in USD $2.09
United States of America Biotechs Industry PB Ratio Median Figure of 428 Publicly-Listed Biotechs Companies 2.47x
United States of America Market PB Ratio Median Figure of 5,145 Publicly-Listed Companies 1.27x
NasdaqGM:MACK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:MACK Share Price ÷ Book Value per Share (both in USD)

= 2.09 ÷ 1.29

1.62x

* Primary Listing of Merrimack Pharmaceuticals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Merrimack Pharmaceuticals is good value based on assets compared to the US Biotechs industry average.
X
Value checks
We assess Merrimack Pharmaceuticals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Biotechs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Biotechs industry average (and greater than 0)? (1 check)
  5. Merrimack Pharmaceuticals has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MACK Future Performance

 How is Merrimack Pharmaceuticals expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Merrimack Pharmaceuticals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.7%
Expected Biotechs industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Merrimack Pharmaceuticals expected to grow at an attractive rate?
  • Unable to compare Merrimack Pharmaceuticals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Merrimack Pharmaceuticals's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Merrimack Pharmaceuticals's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:MACK Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Biotechs Industry Earnings Growth Rate Market Cap Weighted Average 18.7%
United States of America Biotechs Industry Revenue Growth Rate Market Cap Weighted Average 15.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:MACK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:MACK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqGM:MACK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 -31 -21
2019-09-30 -48 -33
2019-06-30 -58 -45
2019-03-31 -62 -53
2018-12-31 -66 -61
2018-09-30 -71 -60
2018-06-30 -84 -53
2018-03-31 -133 -64
2017-12-31 -126 -75
2017-09-30 -132 -102
2017-06-30 -141 -123
2017-03-31 -127 -146

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Merrimack Pharmaceuticals is high growth as no earnings estimate data is available.
  • Unable to determine if Merrimack Pharmaceuticals is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:MACK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Merrimack Pharmaceuticals Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MACK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqGM:MACK Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -1.59
2019-09-30 -2.51
2019-06-30 -3.38
2019-03-31 -4.01
2018-12-31 -4.55
2018-09-30 -4.48
2018-06-30 -3.96
2018-03-31 -4.80
2017-12-31 -5.66
2017-09-30 -7.76
2017-06-30 -9.44
2017-03-31 -11.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Merrimack Pharmaceuticals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of MACK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Merrimack Pharmaceuticals's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Pharmaceuticals & Biotech companies here
  3. Merrimack Pharmaceuticals's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Merrimack Pharmaceuticals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Merrimack Pharmaceuticals has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MACK Past Performance

  How has Merrimack Pharmaceuticals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Merrimack Pharmaceuticals's growth in the last year to its industry (Biotechs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Merrimack Pharmaceuticals does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Merrimack Pharmaceuticals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Merrimack Pharmaceuticals's 1-year growth to the US Biotechs industry average as it is not currently profitable.
Earnings and Revenue History
Merrimack Pharmaceuticals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Merrimack Pharmaceuticals Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MACK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 -21.27 13.37
2019-09-30 -33.47 14.90
2019-06-30 -45.10 14.23
2019-03-31 -53.44 14.61
2018-12-31 -60.77 15.30
2018-09-30 -59.72 16.21
2018-06-30 -52.73 15.80
2018-03-31 -63.89 27.09
2017-12-31 -74.84 28.45
2017-09-30 -101.93 34.81
2017-06-30 -123.21 37.89
2017-03-31 -145.72 31.23
2016-12-31 -154.51 32.05
2016-09-30 21.42 -163.42 40.37
2016-06-30 37.86 -179.37 50.88
2016-03-31 74.42 -150.73 55.06
2015-12-31 -151.79 24.05
2015-09-30 101.74 -109.83 46.74
2015-06-30 113.31 -95.14 37.88
2015-03-31 104.56 -90.47 33.48
2014-12-31 102.76 -83.29 30.52
2014-09-30 76.67 -106.65 28.25
2014-06-30 55.53 -118.38 25.31
2014-03-31 46.17 -130.36 22.48
2013-12-31 47.79 -130.93 21.19
2013-09-30 54.15 -122.63 19.33
2013-06-30 58.62 -106.20 18.49
2013-03-31 52.23 -96.21 17.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Merrimack Pharmaceuticals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Merrimack Pharmaceuticals has efficiently used its assets last year compared to the US Biotechs industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Merrimack Pharmaceuticals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Merrimack Pharmaceuticals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Biotechs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Merrimack Pharmaceuticals has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MACK Health

 How is Merrimack Pharmaceuticals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Merrimack Pharmaceuticals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Merrimack Pharmaceuticals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Merrimack Pharmaceuticals has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Merrimack Pharmaceuticals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are -11.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Merrimack Pharmaceuticals Company Filings, last reported 2 months ago.

NasdaqGM:MACK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 17.31 0.00 16.58
2019-09-30 20.10 0.00 20.86
2019-06-30 40.04 0.00 39.90
2019-03-31 48.96 14.99 58.47
2018-12-31 58.82 14.87 71.28
2018-09-30 67.04 14.75 84.85
2018-06-30 62.28 0.00 60.00
2018-03-31 79.25 0.00 76.27
2017-12-31 96.28 0.00 93.44
2017-09-30 111.63 49.88 107.25
2017-06-30 104.48 48.91 135.50
2017-03-31 -277.14 218.04 17.16
2016-12-31 -252.66 216.86 21.52
2016-09-30 -227.14 216.87 48.47
2016-06-30 -201.56 215.54 82.67
2016-03-31 -217.14 259.84 132.39
2015-12-31 -183.69 257.66 185.61
2015-09-30 -140.67 126.26 62.35
2015-06-30 -143.06 124.18 67.66
2015-03-31 -128.82 122.08 91.77
2014-12-31 -102.07 120.00 124.03
2014-09-30 -99.86 118.66 153.68
2014-06-30 -77.13 116.19 92.75
2014-03-31 -65.80 113.81 124.18
2013-12-31 -43.13 111.68 155.20
2013-09-30 -16.64 111.33 182.49
2013-06-30 -58.34 40.56 62.14
2013-03-31 -32.14 40.33 86.69
  • Unable to establish if Merrimack Pharmaceuticals's level of debt is high without past debt data.
  • Unable to establish if Merrimack Pharmaceuticals's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Merrimack Pharmaceuticals has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Merrimack Pharmaceuticals has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Merrimack Pharmaceuticals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Merrimack Pharmaceuticals has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MACK Dividends

 What is Merrimack Pharmaceuticals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Merrimack Pharmaceuticals dividends.
If you bought $2,000 of Merrimack Pharmaceuticals shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Merrimack Pharmaceuticals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Merrimack Pharmaceuticals's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:MACK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Global Biotechs Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:MACK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Merrimack Pharmaceuticals has not reported any payouts.
  • Unable to verify if Merrimack Pharmaceuticals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Merrimack Pharmaceuticals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Merrimack Pharmaceuticals has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Merrimack Pharmaceuticals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Merrimack Pharmaceuticals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Merrimack Pharmaceuticals has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MACK Management

 What is the CEO of Merrimack Pharmaceuticals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gary Crocker
COMPENSATION $122,855
AGE 67
TENURE AS CEO 0.8 years
CEO Bio

Mr. Gary L. Crocker, MBA, has been President (Principal Executive Officer) and Treasurer (Principal Financial and Accounting Officer) of Merrimack Pharmaceuticals, Inc. since June 28, 2019. He is Chief Executive Officer at Merrimack Pharmaceuticals, Inc. Mr. Crocker is the Founder and President and Managing Director since 2002 at Crocker Ventures. Mr. Crocker serves as the Chairman and Chief Executive Officer of AnzenBIO. He serves as Managing Member at NanoInjection Technologies, LLC. He served as Interim Chief Executive Officer and Interim President of Merrimack Pharmaceuticals, Inc. since October 3, 2016 until February 6, 2017. He served as the President of Sorenson Development, Inc. He served as the Founder, Chief Executive Officer and President of Research Medical Inc. from 1983 to 1997. He was a Co-founder of TheraTech, Inc. He served as the Vice President of Business Development and Director of Marketing at Sorenson Research Company Abbott Laboratories. He served as an Internal Strategic Analyst for Baxter International. He has been the Chairman of the Board at Merrimack Pharmaceuticals, Inc. since 2005. He serves as the Chairman of Nexus TDR, Inc; Crocker Spinal Technologies, Inc. and Rejuvenation Labs, Inc. He has been a Director of Merrimack Pharmaceuticals, Inc. since 2004. He serves as a Director of ARUP, Inc. and iSchool campus LLC. He serves as Member of the Advisory Board at Sorenson Capital LLC and of Sorenson Development Inc. He is a Member of the University Hospital Board and University of Utah Research Foundation Board. He served as a Trustee of Utah Technology Council. He serves as a director of the University's Research Foundation. He serves as the Chairman of the University of Utah's Center for Medical Innovation. He served as a Director of the Federal Reserve Branch of San Francisco since 1999 to 2007. He served as a Director of The Med-Design Corporation. He served as the Chairman of Research Medical Inc. from 1983 to 1997. He served as Chairman of ARUP Laboratories from 1998 to 2003. Previously, he served as a Director of Research Medical Inc. since 1983. He served as a Director of TheraTech, Inc. He served as a Director of Interleukin Genetics, Inc.; LineaGen Genetics LLC and Interleuken Genetics, Inc. He served as a Vice Chairman and Trustee at the University of Utah. Mr. Crocker has been named Entrepreneur of the Year for Utah by both Ernst & Young and the MountainWest Capital Network. He has twice been named Utah Entrepreneur of the Year. During his productive 30-plus-year career, he has founded and led an array of innovative health care and life science firms that have established global leadership in strategic industry niches. He earned an M.B.A. from Harvard Business School and graduated magna cum laude with a B.S. Degree in Economics from Harvard University.

CEO Compensation
  • Gary's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gary's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Merrimack Pharmaceuticals management team in years:

2.9
Average Tenure
63
Average Age
  • The tenure for the Merrimack Pharmaceuticals management team is about average.
Management Team

Gary Crocker

TITLE
President
COMPENSATION
$123K
AGE
67
TENURE
0.8 yrs

Tony Sinskey

TITLE
Co-Founder and Scientific Advisor
COMPENSATION
$25K
AGE
79

Geoffrey Grande

TITLE
Senior Director of Communications

Ellen Forest

TITLE
Head of Human Resources
AGE
55
TENURE
2.8 yrs

Fazal Khan

TITLE
Senior Vice President of Manufacturing
COMPENSATION
$691K
AGE
69
TENURE
13.9 yrs

Daryl Drummond

TITLE
Head of Research
COMPENSATION
$817K
AGE
50
TENURE
3 yrs

Tim Surgenor

TITLE
Secretary
AGE
59
Board of Directors Tenure

Average tenure and age of the Merrimack Pharmaceuticals board of directors in years:

2.1
Average Tenure
62
Average Age
  • The average tenure for the Merrimack Pharmaceuticals board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gary Crocker

TITLE
President
COMPENSATION
$123K
AGE
67
TENURE
15.2 yrs

Peter Sorger

TITLE
Chairman of Scientific Advisory Board
AGE
58

Ulrik Nielsen

TITLE
Co-Founder & Director
COMPENSATION
$93K
AGE
47
TENURE
5.2 yrs

Russ Ray

TITLE
Independent Director
COMPENSATION
$99K
AGE
72
TENURE
5.2 yrs

Douglas Lauffenburger

TITLE
Member of Scientific Advisory Board

George Demetri

TITLE
Member of Scientific Advisory Board
COMPENSATION
$99K
AGE
62
TENURE
2.1 yrs

Peter Blume-Jensen

TITLE
Member of Scientific Advisory Board
TENURE
2.1 yrs

Josep Tabernero

TITLE
Member of Scientific Advisory Board
TENURE
2.1 yrs

Lee Newcomer

TITLE
Member of Scientific Advisory Board
AGE
66
TENURE
2.2 yrs

Noah Levy

TITLE
Director
AGE
41
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Nov 19 Sell JFL Capital Management LP Company 26. Sep 19 15. Nov 19 -547,830 $5.23 $-2,268,981
19. Sep 19 Sell Newtyn Management, LLC Company 15. Jul 19 11. Sep 19 -6,788 $7.02 $-40,005
19. Sep 19 Buy Western Standard, LLC Company 16. Jul 19 11. Sep 19 183,317 $6.29 $0
18. Jul 19 Buy Jason Aryeh Individual 16. Jul 19 16. Jul 19 302 $5.44 $1,643
15. Jul 19 Buy Jason Aryeh Individual 11. Jul 19 12. Jul 19 3,500 $5.71 $19,895
02. Jul 19 Buy JFL Capital Management LP Company 28. Jun 19 02. Jul 19 50,288 $6.00 $297,856
18. Apr 19 Buy 22NW, LP Company 15. Apr 19 17. Apr 19 66,760 $6.00 $391,323
09. Apr 19 Buy JFL Capital Management LP Company 05. Apr 19 08. Apr 19 37,278 $5.95 $219,399
09. Apr 19 Buy 22NW, LP Company 05. Apr 19 08. Apr 19 82,873 $6.12 $496,795
X
Management checks
We assess Merrimack Pharmaceuticals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Merrimack Pharmaceuticals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MACK News

Simply Wall St News

What Kind Of Shareholders Own Merrimack Pharmaceuticals, Inc. (NASDAQ:MACK)?

With a market capitalization of US$84m, Merrimack Pharmaceuticals is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that institutions are noticeable on the share registry. … Insider Ownership Of Merrimack Pharmaceuticals The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Those Who Purchased Merrimack Pharmaceuticals (NASDAQ:MACK) Shares Three Years Ago Have A 92% Loss To Show For It

Check out our latest analysis for Merrimack Pharmaceuticals. … With zero revenue generated over twelve months, we don't think that Merrimack Pharmaceuticals has proved its business plan yet. … It seems likely some shareholders believe that Merrimack Pharmaceuticals has the funding to invent a new product before too long.

Simply Wall St -

Could Merrimack Pharmaceuticals, Inc.'s (NASDAQ:MACK) Investor Composition Influence The Stock Price?

Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

Merrimack Pharmaceuticals Inc (NASDAQ:MACK): Is Breakeven Near?

Merrimack Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, focuses on biomarker-defined cancers in the United States. … In this article, I will touch on the expectations for MACK’s growth and when analysts expect the company to become profitable … View out our latest analysis for Merrimack Pharmaceuticals

Simply Wall St -

What Should We Expect From Merrimack Pharmaceuticals Inc's (NASDAQ:MACK) Earnings In The Years Ahead?

In December 2017, Merrimack Pharmaceuticals Inc (NASDAQ:MACK) released its latest earnings announcement, which revealed company earnings became less negative compared to the previous year's level - great news for investors Below, I've laid out key growth figures on how market analysts predict Merrimack Pharmaceuticals's earnings growth trajectory over the next couple of years and whether the future looks brighter. … Check out our latest analysis for Merrimack Pharmaceuticals Analysts' outlook for this coming year seems relatively unexciting, with earnings continuing to flop around in the negative territory, generating -US$77.38M in 2019. … NasdaqGM:MACK Future Profit Apr 27th 18 While it is helpful to understand the rate of growth each year relative to today’s figure, it may be more insightful estimating the rate at which the company is growing every year, on average.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Merrimack Pharmaceuticals Inc (NASDAQ:MACK)

View our latest analysis for Merrimack Pharmaceuticals An interpretation of MACK's beta Merrimack Pharmaceuticals has a beta of 1.71, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … MACK, with its market capitalisation of US$146.73M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

When Will Merrimack Pharmaceuticals Inc (NASDAQ:MACK) Turn A Profit?

See our latest analysis for Merrimack Pharmaceuticals According to the industry analysts covering MACK, breakeven is near. … What rate will MACK have to grow year-on-year in order to breakeven on this date? … Next Steps: This article is not intended to be a comprehensive analysis on MACK, so if you are interested in understanding the company at a deeper level, take a look at MACK’s company page on Simply Wall St.

Simply Wall St -

Who Are The Major Shareholders Of Merrimack Pharmaceuticals Inc (NASDAQ:MACK)?

When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … An insider stake of this level indicates that executives are highly aligned with the shareholders as both stand to gain when the value of the company rises. … However, if you are building an investment case for MACK, ownership structure alone should not dictate your decision to buy or sell the stock.

Simply Wall St -

Where Merrimack Pharmaceuticals Inc (NASDAQ:MACK) Stands In Terms Of Earnings Growth Against Its Industry

Today I will run you through a basic sense check to gain perspective on how Merrimack Pharmaceuticals is doing by comparing its latest earnings with its long-term trend as well as the performance of its biotechnology industry peers. … View our latest analysis for Merrimack Pharmaceuticals How Well Did MACK Perform? … This means despite the fact that Merrimack Pharmaceuticals is presently unprofitable, it may have benefited from industry tailwinds, moving earnings in the right direction.What does this mean?

Simply Wall St -

Merrimack Pharmaceuticals Inc (MACK) Delivered A Better ROE Than The Industry, Here’s Why

Check out our latest analysis for Merrimack Pharmaceuticals What you must know about ROE Return on Equity (ROE) weighs MACK’s profit against the level of its shareholders’ equity. … Since MACK’s return covers its cost in excess of 163.19%, its use of equity capital is efficient and likely to be sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqGM:MACK Last Perf Dec 10th 17 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

MACK Company Info

Description

Merrimack Pharmaceuticals, Inc. operates as a clinical stage biopharmaceutical company that targets biomarker-defined cancers. The company is developing MM-310, an antibody-directed nanotherapeutic, which is in Phase I clinical trial to treat patients with solid tumors. Its preclinical product candidates include MM-401, an agonistic antibody targeting a novel immuno-oncology target; and MM-201, a stabilized agonist-Fc fusion protein targeting death receptors 4 and 5. The company has a collaboration and license agreement with Ipsen S.A. Merrimack Pharmaceuticals, Inc. was incorporated in 1993 and is based in Cambridge, Massachusetts.

Details
Name: Merrimack Pharmaceuticals, Inc.
MACK
Exchange: NasdaqGM
Founded: 1993
$27,963,369
13,380,243
Website: http://www.merrimack.com
Address: Merrimack Pharmaceuticals, Inc.
One Broadway,
14th Floor,
Cambridge,
Massachusetts, 02142,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM MACK Common Stock Nasdaq Global Market US USD 29. Mar 2012
DB A1JHBG Common Stock Deutsche Boerse AG DE EUR 29. Mar 2012
BST MP6N Common Stock Boerse-Stuttgart DE EUR 29. Mar 2012
Number of employees
Current staff
Staff numbers
27
Merrimack Pharmaceuticals employees.
Industry
Biotechnology
Pharmaceuticals & Biotech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 01:43
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2018/03/12
Last earnings filing: 2020/03/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.