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News

18 Apr 2011

Merrimack Raises $77M to Develop Cancer Drug

Merrimack Pharmaceuticals Inc., a company developing cancer drugs, said it has raised $77 million in a private financing round.

Cambridge-based biotech Merrimack has raised $77 million for the development of its cancer drug pipeline. Investors in the Series G round include Credit Suisse First Boston Next Fund, Crocker Ventures, funds advised by Fred Alger Management, funds advised by Noonday Asset Management, Jennison Associates, TPG-Axon Capital and WT Investment Advisors Fund.

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