EDISON EQUITY RESEARCH : TRILLIUM THERAPEUTICS
20 May 2015 - 11:05PM
InvestorsHub NewsWire
EDISON EQUITY RESEARCH: TRILLIUM
THERAPEUTICS - US$55M FINANCING EXTENDS RUNWAY AND
FLEXIBILITY
Trillium raised US$55.2m (gross) through an offering of 1.751m
common shares and 1.078m convertible preferred shares, at US$19.50
per share. We believe Trillium can fund lead asset SIRPaFc through
Phase II trials and it will expand preclinical SIRPaFc work in
cancers beyond acute myeloid leukemia (AML). Data presented at AACR
2015 confirm that SIRPaFc does not bind CD47 on human red blood
cells (hRBCs), aiding its safety profile.
Trillium Therapeutics is a Canadian pharmaceutical company
developing cancer therapeutics targeting immune-regulatory pathways
that tumour cells exploit to evade the host immune system. Lead
candidate SIRPaFc targets CD47 and is planned to start dosing in a
Phase I study in AML in Q415.
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