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Merrimack Pharmaceuticals Announces the Addition of Michael Porter to its Board of Directors
Date:1/25/2011

CAMBRIDGE, Mass., Jan. 25, 2011 /PRNewswire/ -- Michael Porter, Ph.D., has joined the board of directors of Merrimack Pharmaceuticals, Inc., a privately held biotechnology company focused on the discovery and development of novel treatments for cancer.

(Photo:  http://photos.prnewswire.com/prnh/20110125/NE34069 )

Professor Porter, the Bishop William Lawrence University Professor at Harvard Business School, is recognized as a leading authority on competitive strategy, the competitiveness and economic development of nations, states, and regions, and the application of competitive principles to social problems such as health care, the environment, and corporate responsibility. Harvard University and Harvard Business School jointly created the Institute for Strategy and Competitiveness dedicated to furthering Professor Porter’s research. In addition, he has founded three non-profit organizations: The Initiative for a Competitive Inner City (ICIC), the Center for Effective Philanthropy and FSG-Social Impact Advisors.

”Michael’s global expertise in the strategic development of commercial organizations and his vision for how to transform healthcare will serve as exceptional assets to Merrimack as we advance a leading portfolio of novel molecular medicines and molecular diagnostics,” said Gary Crocker, Chairman of the Board. “Michael has served as a strategic advisor to the Company, providing invaluable guidance from our earliest days. We are excited to welcome him formally to the Board as we look to execute on a significant period of growth.”

Professor Porter holds a Bachelor’s degree in aerospace engineering from Princeton University where he was elected to Phi Beta Kappa and Tau Beta Pi, a Master’s degree in Business Administration with high distinction from Harvard Business School where he was a George F. Baker Scholar and
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SOURCE Merrimack Pharmaceuticals, Inc.
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