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MACK

Merrimack

$3.07

-0.09 (-2.85%)

10:17
03/01/17
03/01
10:17
03/01/17
10:17

Merrimack uses 'going concern' phrase in regulatory filing

In a regulatory filing Merrimack outlines risks related to the sale of Commercial Business to Ipsen. The company says, "If the asset sale is not completed, we may not be able to pursue strategic alternatives for our company or our product candidates because we will have limited cash reserves and limited revenues. The clinical development and potential commercialization of our product candidates requires significant capital. We had unrestricted cash and cash equivalents of $21.5 million as of December 31, 2016. If we cannot raise additional capital, we may have difficulty servicing our debt obligations and may need to file for bankruptcy."...We may be unable to raise additional capital or may be required to incur significant costs to raise such additional capital. Our ability to raise additional capital will depend on many factors, including, but not limited to, the following: market conditions for debt or equity financing;the initiation, progress, timing, costs and results of preclinical studies and clinical trials for our product candidates or any other future product candidates; investors' and lenders' belief in our business plan and our ability to continue as a 'going concern."

  • 01

    Mar

MACK Merrimack
$3.07

-0.09 (-2.85%)

08/19/16
BTIG
08/19/16
INITIATION
BTIG
Neutral
Merrimack initiated with a Neutral at BTIG
BTIG analyst Ling Wang initiated Merrimack with a Neutral as he expects shares to be range-bound given the likely slow ramp-up of ONIVYDE and data from MM-302 and MM-121 won't be available until 2017 or beyond;
10/07/16
JPMS
10/07/16
DOWNGRADE
Target $7
JPMS
Neutral
Merrimack downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Anupam Rama downgraded Merrimack Pharmaceuticals to Neutral saying the shares are likely to be range-bound after rallying 36% from the 52-week low on September 20. Key pipeline catalysts aren't likely until Q2 of 2017 and beyond while 2016 estimates are not "meaningfully beatable," Rama tells investors in a research note. He lowered his price target for the shares to $7 from $8.
11/14/16
JPMS
11/14/16
NO CHANGE
JPMS
JPMorgan says Merrimack could fit as target for Shire
JPMorgan analyst Anupam Rama believes Merrimack Pharmaceuticals (MACK) could fit as a potential target for Shire (SHPG). The $1B deal size would be manageable, Rama tells investors in a research note after Ben Harrington's Betaville blog, citing sources, reported Friday that Shire is among the companies participating in Merrimack's strategic review process. Assuming a 40% premium to the intraday Merrimack share price, the deal would be 1% accretive in 2019 and 2% accretive in 2020, Rama estimates.
01/30/17
JANY
01/30/17
NO CHANGE
Target $44
JANY
Neutral
Clovis rally has taken stock up 'too far too fast,' says Janney Capital
Janney Capital analyst Debjit Chattopadhyay noted that Clovis (CLVS) shares are up about 41% year-to-date, citing accelerated approval for its rucaparib drug in advanced ovarian cancer, the all cash acquisition of Ariad (ARIA) and the $575M divestiture with potential for further payments of Merrimack's (MACK) Onivyde franchise as among the tailwinds driving Clovis shares higher. However, a "near-term Clovis buyout may not materialize" until key competitive readouts settle the debate on the equivalency/superiority of various PARP inhibitors, Chattopadhyay tells investors. Based on near-term uncertainties, he advises waiting for a better entry point to Clovis shares, on which he has a Neutral rating and $44 fair value estimate.

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HSY

Hershey

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AMGN

Amgen

$169.00

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GE

General Electric

$24.39

-0.21 (-0.85%)

, ABB

ABB

$23.13

-0.01 (-0.04%)

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$24.39

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ABB

$23.13

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LZB

La-Z-Boy

$24.95

-6.3 (-20.16%)

, AMZN

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La-Z-Boy

$24.95

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Amazon.com

$958.00

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VLKAY

Volkswagen

$30.67

0.19 (0.62%)

18:14
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18:14
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VW to launch two-tone compact SUV, Bloomberg says »

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F

Ford

$10.71

0.06 (0.56%)

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BA

Boeing

$238.09

-1.66 (-0.69%)

, LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

17:47
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Boeing 'disappointed' company not chosen for cruise missile deal, Bloomberg says »

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Boeing

$238.09

-1.66 (-0.69%)

LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

RTN

Raytheon

$178.19

-1.03 (-0.57%)

03/08/13
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  • 23

    Aug

HBM

Hudbay Minerals

$8.50

0.2 (2.41%)

17:44
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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

17:32
08/23/17
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Breaking Hot Stocks news story on HP Inc. »

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GES

Guess

$12.48

0.11 (0.89%)

, TLYS

Tilly's

$9.60

0.88 (10.09%)

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GES

Guess

$12.48

0.11 (0.89%)

TLYS

Tilly's

$9.60

0.88 (10.09%)

WSM

Williams-Sonoma

$43.40

0.55 (1.28%)

PVH

PVH Corp.

$120.04

-0.28 (-0.23%)

YUME

YuMe

$5.15

0.09 (1.78%)

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

HEI

Heico

$81.11

-0.95 (-1.16%)

GBT

Global Blood Therapeutics

03/08/13
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MATX

Matson

$24.02

0.24 (1.01%)

17:28
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TCMD

Tactile Systems

$33.90

0.78 (2.36%)

17:24
08/23/17
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Syndicate
Breaking Syndicate news story on Tactile Systems »

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TCMD

Tactile Systems

$33.90

0.78 (2.36%)

17:23
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CIVI

Civitas Solutions

$18.30

-0.1 (-0.54%)

17:21
08/23/17
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LLL

L3 Technologies

$179.28

-1.39 (-0.77%)

17:20
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L3 Technologies awarded $172.9M government contract modification »

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BA

Boeing

$238.08

-1.67 (-0.70%)

17:19
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Boeing awarded $222.5M government contract modification »

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RTN

Raytheon

$178.19

-1.03 (-0.57%)

17:18
08/23/17
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Hot Stocks
Raytheon awarded approximately $900M government contract »

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LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

17:17
08/23/17
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Lockheed Martin awarded approximately $900M government contract »

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  • 23

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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

, SSNLF

Samsung

$2,020.00

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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

SSNLF

Samsung

$2,020.00

-10 (-0.49%)

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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

17:09
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HP Inc.: Company outgrew PC market unit growth in Q2 »

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TDG

TransDigm

$271.82

-3.52 (-1.28%)

17:08
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TransDigm declares special dividend of $22.00 per share »

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ROG

Rogers Corporation

$115.31

-0.67 (-0.58%)

17:01
08/23/17
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Hot Stocks
Rogers Corporation director sells 3,500 common shares »

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  • 06

    Sep

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GES

Guess

$12.48

0.11 (0.89%)

16:59
08/23/17
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16:59
Hot Stocks
Breaking Hot Stocks news story on Guess »

Guess up 10% to $13.70…

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  • 23

    Aug

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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

16:56
08/23/17
08/23
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08/23/17
16:56
Hot Stocks
HP Inc. raises FY17 free cash flow view to at least $3B from $2.3B-$2.6B »

Guidance taken from…

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