Merrimack Pharmaceuticals Promotes Ulrik B. Nielsen, Ph.D. to Chief Scientific Officer and Edward J. Stewart to Senior Vice President of Business D...(e 2001 will continue to be responsible f...)

Date:3/9/2009

e 2001, will continue to be responsible for the business development functions within the Company including corporate partnering, licensing, intellectual property management and commercialization strategy. Prior to joining Merrimack, he consulted on issues of product strategy to clients in the pharmaceutical, biotechnology and medical device industries. He holds a Bachelor's degree from Bates College and a Master's degree in Business Administration (MBA) from the Johnson School at Cornell University.

Dr. Nielsen and Mr. Stewart lead the Company alongside a diverse and experienced management team comprised of Robert Mulroy, President and CEO, Lisa Evren, Executive Vice President and CFO, William Slichenmyer, M.D., Chief Medical Officer and Fazal Khan, Ph.D., Senior Vice President of Manufacturing.

About Merrimack

Merrimack Pharmaceuticals, Inc., is a biotechnology company focused on the discovery, design and development of novel treatments for diseases in the areas of autoimmunity and cancer. Its first oncology product, MM-121 is currently in Phase 1 clinical development. MM-121 is an investigational drug and has not been approved by the U.S. Food and Drug Administration or any international regulatory agency. The company's proprietary Network Biology discovery platform, developed with the help of leading scientists from MIT and Harvard, enables the high throughput profiling of protein networks as a basis for improved validation, lead identification and speed in the development of innovative therapeutics. Merrimack is a privately-held company based in Cambridge, Massachusetts. For additional information, please visit http://www.merrimackpharma.com.

Contact: Kathleen Petrozzelli, Senior Manager, Corporate Communications, 617-441-1043

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SOURCE Merrimack Pharmaceuticals, Inc. Copyright©2009 PR Newswire. All rights reserved

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