Mersana Therapeutics (MRSN) Stock Price, News & Analysis

Company Overview

Mersana Therapeutics, Inc. is a clinical-stage biopharmaceutical company headquartered in Cambridge, Massachusetts, focused on the development of innovative antibody-drug conjugates (ADCs) for the treatment of cancer. Since its founding in 2003, Mersana has leveraged its proprietary Fleximer® platform to engineer next-generation ADCs that aim to improve the therapeutic index by enhancing drug delivery to tumor cells while minimizing systemic toxicity. The company’s research efforts are centered on creating highly potent payloads linked to antibodies that selectively target tumor-associated antigens.

The Fleximer platform enables site-specific conjugation of multiple payload molecules, offering adjustable drug-to-antibody ratios and controlled release characteristics. Mersana’s pipeline includes several clinical and preclinical candidates. Among the lead programs is XMT-1536 (UpRi), which targets the sodium-dependent phosphate transporter NaPi2b and is being evaluated in patients with platinum-resistant ovarian cancer. Another notable program, XMT-1592, targets mesothelin-expressing solid tumors such as non-small cell lung cancer and mesothelioma. These programs underscore the company’s commitment to addressing high-unmet-need oncology indications through precision medicine approaches.

In addition to its internal development efforts, Mersana has entered into strategic collaborations with several global biopharmaceutical partners to advance its ADC candidates. These alliances support clinical development, manufacturing scale-up and potential co-commercialization, extending the company’s reach into key markets in North America, Europe and Asia. Through these partnerships, Mersana seeks to leverage complementary expertise and resources to accelerate the translation of its novel therapies from the laboratory to the clinic.

Leadership at Mersana is headed by President and Chief Executive Officer Robert Mulroy, who brings extensive experience in oncology drug development and life-science management. Under his guidance, the company has grown its research team and infrastructure to support a robust pipeline of targeted therapeutics. With a scientific advisory board composed of oncology and antibody engineering experts, Mersana continues to explore new indications and refine its ADC technologies in pursuit of improved outcomes for patients with cancer.

Key Stats

• Today's Range: $28.78 to $30.39
• 50-Day Range: $27.47 to $29.10
• 52-Week Range: $5.21 to $30.39
• Volume: 712,400 shs
• Average Volume: 112,909 shs
• Market Capitalization: $145.37 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $25.92
• Consensus Rating: Reduce

Company Calendar

• Last Earnings: 11/14/2025
• Today: 5/24/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: MED - BIOMED/GENE
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:MRSN
• CIK: 1442836
• Web: www.mersana.com
• Phone: (617) 498-0020
• Fax: N/A
• Employees: 150
• Year Founded: 2005

Price Target and Rating

• Average Price Target for Mersana Therapeutics: $25.92
• High Price Target: $30.75
• Low Price Target: $17.00
• Potential Upside/Downside: -10.9%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.88
• Research Coverage: 8 Analysts

Profitability

• EPS (Trailing Twelve Months): ($13.88)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$69.19 million
• Net Margins: -211.21%
• Pretax Margin: -211.21%
• Return on Equity: N/A
• Return on Assets: -65.42%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.39
• Quick Ratio: 1.39

Sales & Book Value

• Annual Sales: $33.18 million
• Price / Sales: 4.38
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($1.92) per share
• Price / Book: -15.15

Miscellaneous

• Outstanding Shares: 4,999,000
• Free Float: 4,349,000
• Market Cap: $145.37 million
• Optionable: Optionable
• Beta: 0.44