Merrimack (MACK) Incurs Narrower-Than-Expected Loss In Q4
Zacks Investment Research | Mar 12, 2018 09:45PM ET
Merrimack Pharmaceuticals, Inc. (NASDAQ:MACK) reported a loss of 89 cents per share in the fourth quarter of 2017, narrower than the Zacks Consensus Estimate of a loss of $1.27. The company reported a loss of $2.93 in the year-ago quarter.
Merrimack sold Onivyde and a generic version of Doxil to Ipsen in April 2017. Merrimack did not generate any revenues in the quarter as there was no marketed product.
Merrimack’s shares lost 10.3% following the release of fourth-quarter results. Shares of Merrimack have underperformed the Original post
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