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Merrimack Receives $5M Milestone from Shire

Triggered by the sale of ONIVYDE in the first major non-European, non-Asian country

Merrimack Pharmaceuticals has received a $5 million milestone payment from Shire, triggered by the sale of ONIVYDE in the first major non-European, non-Asian country, pursuant to the terms of Merrimack’s asset sale to Ipsen in 2017. “Since the start of the third quarter, Merrimack has received $38 million in non-dilutive capital, including two milestone payments from Shire totaling $23 million,” said Richard Peters, M.D., Ph.D., president and chief executive officer of Merri...

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