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Merrimack Pharmaceuticals Acquires Hermes Biosciences, Inc.
Date:12/7/2009

Acquisition broadens Merrimack’s capabilities to discover and develop systems biology-driven therapeutics to include small molecules, chemotherapy and RNAi candidates and technologies for cancer

Cambridge, MA (PRWEB) December 7, 2009 -- Merrimack Pharmaceuticals, Inc., announced today that it has acquired Hermes Biosciences, Inc. a private biotechnology company based in South San Francisco, California. Hermes specializes in targeted drug delivery technologies for therapeutic and other biomedical applications using lipidic nano-carriers and antibodies as targeting agents.    

“The acquisition of Hermes, is part of Merrimack’s strategy to apply our systems biology approach to drug discovery and development to an expanding array of disease-fighting targets and technologies,” siad Robert Mulroy, President and CEO of Merrimack.

“We believe that coupling Merrimack’s approach of identifying critical targets through systems analysis with our innovative drug delivery technologies creates great potential to generate truly novel therapies that can provide significant benefit to cancer patients,” said Dr. John Park, President, CEO and a founder of Hermes.
Merrimack’s proprietary Network Biology platform applies techniques from the fields of computational modeling, high throughput biology and engineering to understand cell system dynamics and develop therapeutics to address cell malfunctions in a disease state. The first candidates to be developed out of this approach are

Source: PRWeb
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