Stock Fundamentals

Company Information

Company Name
Mersana Therapeutics Inc
Sector
Healthcare
Industry
Biotechnology
Exchange
NASDAQ
ISIN: US59045L1061
CIK: 0001442836
CUSIP: 59045L106
Currency: USD
Full Time Employees: 102
Phone: 617 498 0020
Fiscal Year End: December
IPO Date: Jun 28, 2017
Description:

Mersana Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops antibody-drug conjugates (ADC) for cancer patients with unmet needs. The company develops Emi-Le (XMT-1660), a B7-H4-targeting Dolasynthen ADC candidate, which is in Phase 1 clinical trial; and XMT-2056, an Immunosynthen ADC targeting a novel human epidermal growth factor receptor 2 that is in Phase 1 clinical trial. Its preclinical products portfolio includes XMT-2068 and XMT-2175. It has strategic research and development collaborations with Janssen Biotech, Inc., Ares Trading S.A., Merck KGaA, and Asana Biosciences, LLC for the development of ADC product candidates. The company was formerly known as Nanopharma Corp. and changed its name to Mersana Therapeutics, Inc. in November 2005. Mersana Therapeutics, Inc. was incorporated in 2001 and is headquartered in Cambridge, Massachusetts. As of January 6, 2026, Mersana Therapeutics, Inc. operates as a subsidiary of Day One Biopharmaceuticals, Inc.

Address:

840 Memorial Drive, Cambridge, MA, United States, 02139

Directors & Officers

Name Title Year Born
Dr. Martin H. Huber M.D. President, CEO & Director 1960
Mr. Brian C. DeSchuytner Senior VP, CFO & COO 1978
Dr. Timothy B. Lowinger Ph.D. Senior VP and Chief Science & Technology Officer 1964
Ms. Alejandra Veronica Carvajal J.D. Senior VP, Secretary & Chief Legal Officer 1974
Dr. Mohan Bala Ph.D. Senior VP & Chief Development Officer 1965
Mr. Mikhail Papisov Ph.D. Co-Founder NA
Mr. Ashish Mandelia VP & Chief Accounting Officer 1975
Mr. Chuck Miller Senior Vice President of Regulatory Affairs NA

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Nextech Invest, Ltd. 12.07M Mar 31, 2025 9.67% $0.97 0.00%
Bain Capital Life Sciences Investors, LLC 8.66M Mar 31, 2025 6.94% $0.44 0.00%
Vanguard Group Inc 8.38M Mar 31, 2025 6.71% $0.00 18.71%
BlackRock Inc 8.33M Mar 31, 2025 6.67% $0.00 -9.55%
Schonfeld Strategic Advisors LLC 7.61M Mar 31, 2025 6.10% $0.02 259.22%
AQR Capital Management LLC 5.14M Mar 31, 2025 4.12% $0.00 0.00%
Rock Springs Capital Management LP 3.81M Mar 31, 2025 3.06% $0.08 11.16%
SILVERARC CAPITAL MANAGEMENT, LLC 3.09M Mar 31, 2025 2.48% $0.22 0.00%
State Street Corp 2.60M Mar 31, 2025 2.09% $0.00 -5.82%
Geode Capital Management, LLC 2.44M Mar 31, 2025 1.96% $0.00 0.00%
Catalio Capital Management, LP 1.71M Mar 31, 2025 1.37% $0.14 0.00%
683 Capital Management LLC 1.65M Mar 31, 2025 1.32% $0.04 83.33%
Jacobs Levy Equity Management, Inc. 1.33M Mar 31, 2025 1.07% $0.00 19.89%
5AM Venture Management, LLC 1.31M Mar 31, 2025 1.05% $0.17 0.00%
Qube Research & Technologies 1.17M Mar 31, 2025 0.94% $0.00 238.10%
Northern Trust Corp 864.79K Mar 31, 2025 0.69% $0.00 -6.98%
Renaissance Technologies Corp 839.92K Mar 31, 2025 0.67% $0.00 38.54%
Deutsche Bank AG 839.72K Mar 31, 2025 0.67% $0.00 0.00%
IEQ CAPITAL, LLC 707.02K Mar 31, 2025 0.57% $0.00 0.00%
Lion Point Capital, LP 644.00K Mar 31, 2025 0.52% $1.41 0.00%

Shares Statistics

Shares Outstanding: 5.00M
Shares Float: 3.53M
% Insiders: 146.60%
% Institutions: 6,756.60%
Short % Float: 1.19%

🏆 Top 10 Institutional Holders

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Nextech Invest, Ltd. 12.07M 9.67% ▲ 0.00% Mar 31, 2025
2 Bain Capital Life Sciences Investors, LLC 8.66M 6.94% ▲ 0.00% Mar 31, 2025
3 Vanguard Group Inc 8.38M 6.71% ▲ 18.71% Mar 31, 2025
4 BlackRock Inc 8.33M 6.67% ▼ 9.55% Mar 31, 2025
5 Schonfeld Strategic Advisors LLC 7.61M 6.10% ▲ 259.22% Mar 31, 2025
6 AQR Capital Management LLC 5.14M 4.12% ▲ 0.00% Mar 31, 2025
7 Rock Springs Capital Management LP 3.81M 3.06% ▲ 11.16% Mar 31, 2025
8 SILVERARC CAPITAL MANAGEMENT, LLC 3.09M 2.48% ▲ 0.00% Mar 31, 2025
9 State Street Corp 2.60M 2.09% ▼ 5.82% Mar 31, 2025
10 Geode Capital Management, LLC 2.44M 1.96% ▲ 0.00% Mar 31, 2025

Valuation Metrics

Enterprise Value: $91.27M
Trailing P/E: 0.00
Forward P/E: 0.00

Financial Highlights

Market Cap: $145.36M
EBITDA: $-66.29M
PEG Ratio: $0.00
Book Value: $-11.91
Earnings/Share: $-13.95
Profit Margin: -211.22%
Operating Margin: -67.91%
ROA (TTM): -36.27%
ROE (TTM): -505.14%
Revenue (TTM): $33.18M
Revenue/Share (TTM): $6.67
Earnings Growth (YOY): 0.00%
Revenue Growth (YOY): -12.60%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Download Financials (Excel)

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios

Earnings History

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2024-12-31 2.19x -2.87x 1.07x -18.93x -0.43x
2023-12-31 3.36x 0.78x 0.84x -41.97x -0.17x
2022-12-31 3.49x 0.30x 0.72x -61.23x -0.14x
2021-12-31 3.97x 0.22x 0.41x -133.27x -0.16x
2020-12-31 8.62x 0.03x 0.17x -432.16x -0.07x
2019-12-31 4.21x 0.09x 0.27x -129.06x -0.27x
2018-12-31 1.01x 0.00x 0.89x N/A 0.00x
2017-12-31 3.69x 0.00x 0.46x N/A 0.00x
2016-12-31 3.60x 0.00x 1.53x N/A 0.00x
2015-12-31 1.19x 0.00x 3.96x N/A 0.00x

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Oct 27, 2025 Mohan Bala N/A Sale 77.00 $9.90 $762.30
Sep 12, 2025 Martin H Jr. Huber N/A Sale 2.01K $7.31 $14.71K

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