Merrimack Announces Major Corporate Restructuring

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Go back to Merrimack Announces Major Corporate Restructuring

BTIG Affirms Merrimack Pharma (MACK) at 'Neutral' Amid Restructuring Plans

October 4, 2016 10:30 AM EDT

BTIG affirms Merrimack Pharma (Nasdaq: MACK) with a Neutral rating following news that the company is undertaking a corporate restructuring.

BTIG commented late Monday, MACK announced a major corporate restructuring that cuts headcount by 22% and reduces $200M+ in expected expenses over the... More