Through systems biology, which brings together the fields of biology, computing and engineering, Merrimack
aims to decrease uncertainty in drug development and clinical validation, and move discovery efforts beyond trial and error.
Under the deal, which is expected to close in July, Merrimack
will become a wholly-owned subsidiary of HarborOne Bank, a $2 billion cooperative bank.
With this new collaboration with Merrimack
on MM-398, a promising new anti-cancer agent, we continue to augment our growing pipeline focused on challenging diseases with significant unmet needs, while capitalizing on our broad global reach.
These two orphan drug designations will potentially provide Merrimack
Pharmaceuticals with 7-year marketing exclusivity for MM-111 and other benefits if the drug is approved by the FDA.
He is also president of Crocker Ventures, an early stage investment firm focused on life sciences technologies, and is a current investor in several companies, including Merrimack
has the exclusive worldwide license to a strong intellectual property estate around MM-093.
When they decided to develop the water power of the Merrimack
River, they not only built dams and canals, and flooded fields, they also created separate corporations to manage their hydraulic system and sell water power to their mills.
As a longstanding organization in the Merrimack
Valley, our mission is to exceed our member's expectations while simultaneously serving the community," said Peter Matthews, CEO of Merrimack
Valley Federal Credit Union.
undertakes no obligation to update or revise any forward-looking statements.
The Colliers International team of Joe Flaherty, Jim Elcock, Tucker Hansen and Ben Coffin represented Merrimack
in the transaction.
This makes CTCA's tumor archive particularly unique as they offer an opportunity for Merrimack
to explore how the molecular characteristics of a tumor change as a result of therapy.
has licensed rights from Merrimack