This company has been acquired
Mersana Therapeutics (MRSN) Stock Overview
A clinical-stage biopharmaceutical company, develops antibody-drug conjugates (ADC) for cancer patients with unmet needs. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
MRSN Community Fair Values
See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Mersana Therapeutics, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$29.08 |
| 52 Week High | US$35.23 |
| 52 Week Low | US$5.21 |
| Beta | 0.43 |
| 1 Month Change | 4.15% |
| 3 Month Change | 220.62% |
| 1 Year Change | -10.52% |
| 3 Year Change | -79.98% |
| 5 Year Change | -93.92% |
| Change since IPO | -91.69% |
Recent News & Updates
MRSN: Cash Offer And CVR Potential Will Drive Future Deal Upside
Analysts trimmed their price targets on Mersana Therapeutics toward the US$25 cash takeout level, with some assigning additional value to the up to US$30.25 per share in contingent value rights tied to the proposed acquisition by Day One Biopharmaceuticals, and we adjusted our assumptions slightly to reflect this revised risk and return profile. Analyst Commentary Recent Street research on Mersana Therapeutics has largely converged around the announced acquisition terms, with most firms shifting to more neutral ratings as the stock price is seen as anchored to the US$25 cash offer plus the potential contingent value right payouts.MRSN: Cash Buyout And CVR Structure Will Drive Future Shareholder Upside
Mersana Therapeutics' analyst price target is effectively unchanged at $33.20 per share, as analysts largely anchor their valuation to the agreed $25.00 per share cash acquisition price plus the potential value of up to $30.25 per share in contingent payments, while assigning a probability discount to the CVR milestones. Analyst Commentary Analyst sentiment has shifted to a more neutral stance following the announced acquisition, with most firms moving to hold or market perform ratings and framing upside or downside almost entirely through the lens of deal completion and CVR realization rather than standalone fundamentals.MRSN: Acquisition Will Drive Shareholder Value With Up To $30.25 Milestone Upside
The analyst price target for Mersana Therapeutics has been lowered following news of its acquisition by Day One Biopharmaceuticals. Analysts cited the deal terms and reduced likelihood of competitive bidding as the rationale for the updated valuation.Recent updates
Shareholder Returns
| MRSN | US Biotechs | US Market | |
|---|---|---|---|
| 7D | 0.5% | -2.9% | -2.8% |
| 1Y | -10.5% | 26.6% | 22.8% |
Return vs Industry: MRSN underperformed the US Biotechs industry which returned 23.7% over the past year.
Return vs Market: MRSN underperformed the US Market which returned 17.2% over the past year.
Price Volatility
| MRSN volatility | |
|---|---|
| MRSN Average Weekly Movement | 60.5% |
| Biotechs Industry Average Movement | 10.9% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: MRSN's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: MRSN's weekly volatility has increased from 33% to 61% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 102 | Marty Huber | www.mersana.com |
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.
Mersana Therapeutics, Inc. Fundamentals Summary
| MRSN fundamental statistics | |
|---|---|
| Market cap | US$145.39m |
| Earnings (TTM) | -US$70.08m |
| Revenue (TTM) | US$33.18m |
Is MRSN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MRSN income statement (TTM) | |
|---|---|
| Revenue | US$33.18m |
| Cost of Revenue | US$69.03m |
| Gross Profit | -US$35.85m |
| Other Expenses | US$34.23m |
| Earnings | -US$70.08m |
Last Reported Earnings
Sep 30, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | -14.02 |
| Gross Margin | -108.04% |
| Net Profit Margin | -211.21% |
| Debt/Equity Ratio | 0% |
How did MRSN perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/07 15:03 |
| End of Day Share Price | 2026/01/05 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mersana Therapeutics, Inc. is covered by 3 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Schmidt | Guggenheim Securities, LLC |
| Konstantinos Aprilakis | Stifel, Equities Research |
| Tara Bancroft | TD Cowen |