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MACK - Merrimack Pharma up 6% on $6.7M special dividend
Merrimack Pharmaceuticals Inc.
Thinly traded nano cap Merrimack Pharmaceuticals (MACK+6.1%) is up on almost 30% higher volume, albeit on turnover of only 66K shares, on the heels of its announcement that it has received a $5M milestone payment from Ipsen S.A. (OTCPK:IPSEY) triggered by the latter's decision to advance the ongoing clinical trial evaluating Onivyde (irinotecan liposome injection) in small-cell lung cancer patients.
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