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Merrimack Pharmaceuticals Announces the Addition of Robert Gay to its Board of Directors
Date:11/29/2007

CAMBRIDGE, Mass., Nov. 29 /PRNewswire/ -- Merrimack Pharmaceuticals, Inc., a privately held biotechnology company focused on the discovery and development of novel treatments for autoimmune disease and cancer, today announced the retirement of Steven C. Wheelwright, PhD from its Board of Directors and the addition of Robert Gay, PhD.

Dr. Wheelwright served as a Director at Merrimack since May 2006. He was recently named the President of Brigham Young University Hawaii and is stepping down due to his relocation. Most recently, Dr. Wheelwright served as a Baker Foundation Professor and Chairman of HBS Publishing at Harvard Business School, while serving on numerous boards including Merrimack.

"Steve was an invaluable resource for our Board and the management at Merrimack," said Gary Crocker, Chairman of Merrimack's Board of Directors. "He was an outstanding director that provided the Board and management with pharmaceutical and operations expertise. We congratulate him and wish him the best in his new position."

Dr. Gay joins Merrimack's board having served as the former Managing Director and Chairman of the Management Committee of Bain Capital. Bain Capital is one of the world's leading private equity firms with over $40 billion in capital with offices in the US, Asia and Europe. Prior to joining Bain, Dr. Gay held numerous high level positions including Executive Vice President of General Electric Credit Corporation's Capital Markets Group, Vice President in the Merchant Banking Group at Kidder Peabody, and Engagement Manager at the international consulting firm, McKinsey & Company.

"Bob Gay's extensive financial and management capabilities developed with leading companies such as Bain Capital and GE bring further experienced management perspective to our already distinguished board" said Mr. Crocker. "We are excited to have Bob on our team and feel that his insight from previous transactions, growth management, and organizational
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SOURCE Merrimack Pharmaceuticals, Inc.
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