Merrimack Pharma Cutting Jobs Again After Shelving Third Cancer Drug In Year

Merrimack Pharmaceuticals is ending development of its lead drug MM-310 because of safety concerns, triggering a fresh round of job cuts at the troubled Cambridge, Massachusetts-based biotech.

Crisis
MM-310's Failure Deepens Crisis At Merrimack Pharma • Source: Shutterstock

Crisis-torn Merrimack Pharmaceuticals Inc. plans another round of layoffs after shelving its third cancer drug in the last year, and will now place its corporate hopes on two preclinical assets.

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