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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating expenses:        
Research and development expenses $ 13,678,000 $ 19,751,000 $ 26,784,000 $ 41,356,000
General and administrative expenses 3,513,000 14,798,000 7,783,000 20,432,000
Total operating expenses 17,191,000 34,549,000 34,567,000 61,788,000
Loss from continuing operations (17,191,000) (34,549,000) (34,567,000) (61,788,000)
Other income and expenses:        
Interest income 282,000 382,000 557,000 396,000
Interest expense   (26,762,000)   (28,741,000)
Gain on sale of asset   1,703,000   1,703,000
Other income (expense), net (860,000) (659,000) (1,541,000) (661,000)
Total other income and expenses (578,000) (25,336,000) (984,000) (27,303,000)
Net loss from continuing operations before income tax benefit (17,769,000) (59,885,000) (35,551,000) (89,091,000)
Income tax benefit   30,239,000   30,239,000
Net loss from continuing operations (17,769,000) (29,646,000) (35,551,000) (58,852,000)
Discontinued operations:        
Income from discontinued operations, net of tax 0 540,485,000 0 539,538,000
Net (loss) income (17,769,000) 510,839,000 (35,551,000) 480,686,000
Net loss attributable to non-controlling interest   (724,000)   (1,191,000)
Net (loss) income attributable to Merrimack Pharmaceuticals, Inc. (17,769,000) 511,563,000 (35,551,000) 481,877,000
Other comprehensive income (loss):        
Unrealized gain (loss) on marketable securities 11,000   (1,000)  
Other comprehensive income (loss) 11,000   (1,000)  
Comprehensive (loss) income (17,758,000) 511,563,000 (35,552,000) 481,877,000
Amounts attributable to Merrimack Pharmaceuticals, Inc.:        
Net loss from continuing operations (17,769,000) (28,922,000) (35,551,000) (57,661,000)
Income from discontinued operations, net of tax   540,485,000   539,538,000
Net (loss) income attributable to Merrimack Pharmaceuticals, Inc. $ (17,769,000) $ 511,563,000 $ (35,551,000) $ 481,877,000
Basic and dilutive net (loss) income per common share        
Net loss from continuing operations $ (1.33) $ (2.18) $ (2.66) $ (4.38)
Net income from discontinued operations, net of tax   40.80   41.02
Net (loss) income per share $ (1.33) $ 38.62 $ (2.66) $ 36.64
Weighted-average common shares used per share calculations—basic and diluted 13,343 13,246 13,343 13,153
Cash dividend paid per common share   $ 10.55   $ 10.55