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Trillium Therapeutics

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Namestring
Trillium Therapeutics
Legal namestring
Trillium Therapeutics Inc.
Company typeenum
Private
Founded yearint
2004
Descriptiontext

Trillium Therapeutics was a clinical-stage biopharmaceutical company founded in 2004 and headquartered in Toronto, Canada, that developed novel cancer immunotherapies, with its core scientific focus on the CD47 receptor pathway. CD47 is a 'don't eat me' immune checkpoint signal that cancer cells exploit to evade macrophage-mediated destruction; Trillium's lead asset, maplirpacept (PF-07958013), was an investigational CD47 blocker evaluated in blood cancers and B-cell malignancies. The company's pipeline also included PF-08046052, an EGFR-targeting T-cell engager for solid tumors, and PF-07905428, an investigational acne treatment. The business operated as a venture-backed and TSX-listed biotech with 11–50 employees and multiple funding rounds, including a 2020 strategic investment from Pfizer's Breakthrough Growth Initiative.

In 2021, Pfizer acquired Trillium for $2.3 billion, integrating it as a wholly-owned subsidiary and inheriting the full pipeline. Trillium generated no commercial revenue; its economics were entirely premised on the successful clinical advancement and eventual approval or out-licensing of its CD47 inhibitor. In May 2026, Pfizer discontinued all three programs acquired from Trillium — maplirpacept, PF-08046052, and PF-07905428 — effectively writing off the full deal value after years of failed clinical studies. The outcome reinforces broader sector challenges in the CD47 space, where competitors including Gilead Sciences similarly abandoned related programs.

Short descriptiontext

Trillium Therapeutics was a clinical-stage Canadian biotech that developed CD47-blocking cancer immunotherapies, most notably maplirpacept. It was acquired by Pfizer in 2021 for $2.3 billion and generated no commercial revenue before all acquired programs were discontinued in 2026.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersToronto, Canada
HQ citystring
Toronto
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
cancer immunotherapy, CD47 inhibitors, oncology drug development, biopharmaceutical research, clinical-stage biotech
Industry3 codes
1CAR-T & TCR-T Therapies
CodeHLAAABACPrimaryYes
2Cell Processing & Ancillary Materials (media, cytokines, beads, vectors, disposables)
CodeHLAAABAHPrimaryNo
3Cell Therapy Enabling Technologies (gene editing, cell engineering, delivery methods)
CodeHLAAABALPrimaryNo
NAICS code1 code
  • Biological Product (except Diagnostic) Manufacturing325414
SIC code1 code
  • Pharmaceutical Preparations2834
Product category
Cancer Immunotherapy Drugs
Cost components3 values
Technology or R&D, Personnel, Operations
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Trillium Therapeutics was a clinical-stage biopharmaceutical company developing novel cancer immunotherapies, primarily targeting the CD47 "don't eat me" checkpoint pathway. Its pipeline centered on CD47-blocking fusion proteins and T-cell engagers intended for blood cancers and solid tumors. Following Pfizer's 2021 acquisition, all Trillium-originated clinical programs were discontinued, terminating ongoing development.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • All acquired programs discontinued - no approved products resulted from the $2.3 billion acquisition
Product overview1 text field

Trillium Therapeutics was a clinical-stage biopharmaceutical company focused on developing novel cancer immunotherapies, specifically targeting the CD47 pathway. The company was acquired by Pfizer in 2021 for $2.3 billion. Its product pipeline included maplirpacept (CD47 inhibitor for blood and B-cell cancers), PF-08046052 (EGFR-targeting T-cell engager for solid tumors), and an investigational acne treatment (PF-07905428). All three programs have been discontinued by Pfizer as of 2026.

Product and service4 records
1Maplirpacept (TTI-621)
CategoryCancer Immunotherapy Drug
Description

Investigational CD47-blocking fusion protein (decoy receptor) designed to enhance macrophage-mediated tumor phagocytosis; intended for hematologic malignancies including cutaneous T-cell lymphoma and other blood cancers. Discontinued by Pfizer.

2PF-08046052
CategoryCancer Immunotherapy Drug
Description

Investigational T-cell engager (EGFR-directed bispecific) developed from Trillium's pipeline for solid tumor indications; subsequently discontinued by Pfizer.

3PF-07905428
CategoryOncology Drug Candidate
Description

Investigational oncology drug candidate originating from Trillium's pipeline; subsequently discontinued by Pfizer.

4Fluorine-based drug candidates (Fluorinov-acquired assets)
CategorySmall Molecule Drug Candidate
Description

Fluorine-based drug candidate assets acquired by Trillium from Fluorinov Pharma, originally explored for dermatologic indications including acne. Program discontinued following the Pfizer acquisition.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight2 records

Each record includes

Type, Description

Peers8 records
TypeDirect peer
Description

Clinical-stage biotech developing CD47/SIRPα pathway inhibitors and other immuno-oncology therapies. Closest direct peer to Trillium by mechanism and stage, though ALX continues to advance its lead evorpacept program where Trillium's maplirpacept was discontinued.

TypeBroad incumbent
Description

Large biopharmaceutical company that previously advanced magrolimab, a CD47-targeting antibody that was also discontinued — making Gilead the most directly comparable large-cap peer on the CD47 failure outcome. Broad oncology and antiviral portfolio beyond the CD47 program.

TypeBroad incumbent
Description

Major oncology incumbent with a prior internal CD47 program (CC-90002) that was discontinued, mirroring Trillium's outcome. BMS operates an extensive immune checkpoint and cell therapy portfolio (PD-1, LAG-3) in adjacent mechanism space.

TypeBroad incumbent
Description

PD-1 checkpoint leader (Keytruda) and broader oncology incumbent; comparable as an immunotherapy anchor against which CD47-pathway programs like Trillium's were positioned as resistance-overcoming or complementary mechanisms.

TypeBroad incumbent
Description

Global biopharma with Tecentriq (PD-L1 inhibitor) and an extensive immuno-oncology franchise. Comparable as a large-cap incumbent operating in the immune-checkpoint space where Trillium's CD47 program was positioned.

TypeBroad incumbent
Description

Major oncology biopharma with immune checkpoint (Imfinzi/PD-L1) and bispecific programs; relevant as a broad immuno-oncology peer and as one of several large players who evaluated but largely moved past the CD47 axis.

TypeEmerging player
Description

Clinical-stage biotech developing TCR-based cell therapies for solid tumors — adjacent cell-redirecting modality to Trillium's T-cell engager program. Comparable in stage and oncology focus.

TypeEmerging player
Description

Clinical-to-commercial cell therapy company focused on tumor-infiltrating lymphocyte (TIL) therapies for solid tumors. Comparable as an immuno-oncology biotech targeting hematologic and solid tumor indications similar to Trillium's intended patient segments.

Market position
Strengths1 record

Each record includes

Headline, Details, Source

Weaknesses3 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds9 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Trillium Therapeutics

Cancer Immunotherapy Drugstrilliumtherapeutics.com

Trillium Therapeutics was a clinical-stage Canadian biotech that developed CD47-blocking cancer immunotherapies, most notably maplirpacept. It was acquired by Pfizer in 2021 for $2.3 billion and generated no commercial revenue before all acquired programs were discontinued in 2026.

What Trillium Therapeutics does

Trillium Therapeutics was a clinical-stage biopharmaceutical company founded in 2004 and headquartered in Toronto, Canada, that developed novel cancer immunotherapies, with its core scientific focus on the CD47 receptor pathway. CD47 is a 'don't eat me' immune checkpoint signal that cancer cells exploit to evade macrophage-mediated destruction; Trillium's lead asset, maplirpacept (PF-07958013), was an investigational CD47 blocker evaluated in blood cancers and B-cell malignancies. The company's pipeline also included PF-08046052, an EGFR-targeting T-cell engager for solid tumors, and PF-07905428, an investigational acne treatment. The business operated as a venture-backed and TSX-listed biotech with 11–50 employees and multiple funding rounds, including a 2020 strategic investment from Pfizer's Breakthrough Growth Initiative.

In 2021, Pfizer acquired Trillium for $2.3 billion, integrating it as a wholly-owned subsidiary and inheriting the full pipeline. Trillium generated no commercial revenue; its economics were entirely premised on the successful clinical advancement and eventual approval or out-licensing of its CD47 inhibitor. In May 2026, Pfizer discontinued all three programs acquired from Trillium — maplirpacept, PF-08046052, and PF-07905428 — effectively writing off the full deal value after years of failed clinical studies. The outcome reinforces broader sector challenges in the CD47 space, where competitors including Gilead Sciences similarly abandoned related programs.

Trillium Therapeutics firmographics

Firmographics
Name
Trillium Therapeutics
Legal name
Trillium Therapeutics Inc.
Website
https://trilliumtherapeutics.com
Company type
Private
Founded year
2004
Operating status
Acquired
Headcount range
11–50 employees
Short description
Trillium Therapeutics was a clinical-stage Canadian biotech that developed CD47-blocking cancer immunotherapies, most notably maplirpacept. It was acquired by Pfizer in 2021 for $2.3 billion and generated no commercial revenue before all acquired programs were discontinued in 2026.
Ownership category
akta.pro rank

Trillium Therapeutics industry classification

Industry
Product category
Cancer Immunotherapy Drugs
NAICS
Biological Product (except Diagnostic) Manufacturing (325414)
SIC
Pharmaceutical Preparations (2834)
akta.pro primary industry
CAR-T & TCR-T Therapies (HLAAABAC)
akta.pro secondary industries
Cell Processing & Ancillary Materials (media, cytokines, beads, vectors, disposables) (HLAAABAH), Cell Therapy Enabling Technologies (gene editing, cell engineering, delivery methods) (HLAAABAL)

Keywords

  • Cancer immunotherapy
  • CD47 inhibitors
  • Oncology drug development
  • Biopharmaceutical research
  • Clinical-stage biotech

Where Trillium Therapeutics is headquartered

Location

Headquarters

HQ city
Toronto
HQ country
Canada
HQ region
North America

Markets served

Trillium Therapeutics business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Operations

Trillium Therapeutics product offering

Product offering

Core offering

Trillium Therapeutics was a clinical-stage biopharmaceutical company developing novel cancer immunotherapies, primarily targeting the CD47 "don't eat me" checkpoint pathway. Its pipeline centered on CD47-blocking fusion proteins and T-cell engagers intended for blood cancers and solid tumors. Following Pfizer's 2021 acquisition, all Trillium-originated clinical programs were discontinued, terminating ongoing development.

Product overview

Trillium Therapeutics was a clinical-stage biopharmaceutical company focused on developing novel cancer immunotherapies, specifically targeting the CD47 pathway. The company was acquired by Pfizer in 2021 for $2.3 billion. Its product pipeline included maplirpacept (CD47 inhibitor for blood and B-cell cancers), PF-08046052 (EGFR-targeting T-cell engager for solid tumors), and an investigational acne treatment (PF-07905428). All three programs have been discontinued by Pfizer as of 2026.

Differentiator

Problem solved

Functional benefit

Products and services

  • Maplirpacept (TTI-621) Investigational CD47-blocking fusion protein (decoy receptor) designed to enhance macrophage-mediated tumor phagocytosis; intended for hematologic malignancies including cutaneous T-cell lymphoma and other blood cancers. Discontinued by Pfizer.
  • PF-08046052 Investigational T-cell engager (EGFR-directed bispecific) developed from Trillium's pipeline for solid tumor indications; subsequently discontinued by Pfizer.
  • PF-07905428 Investigational oncology drug candidate originating from Trillium's pipeline; subsequently discontinued by Pfizer.
  • Fluorine-based drug candidates (Fluorinov-acquired assets) Fluorine-based drug candidate assets acquired by Trillium from Fluorinov Pharma, originally explored for dermatologic indications including acne. Program discontinued following the Pfizer acquisition.

Quantifiable outcome

  • All acquired programs discontinued - no approved products resulted from the $2.3 billion acquisition

Companies that use Trillium Therapeutics

Customer profile

Segments3 records

Ideal customer profiles2 records

Trillium Therapeutics technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Trillium Therapeutics partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves5 records

Expansion highlights2 records

Trillium Therapeutics competitors and assessment

Company assessment

Direct peers

  • ALX Oncology Holdings: Clinical-stage biotech developing CD47/SIRPα pathway inhibitors and other immuno-oncology therapies. Closest direct peer to Trillium by mechanism and stage, though ALX continues to advance its lead evorpacept program where Trillium's maplirpacept was discontinued.

Broad incumbents

  • Gilead Sciences: Large biopharmaceutical company that previously advanced magrolimab, a CD47-targeting antibody that was also discontinued — making Gilead the most directly comparable large-cap peer on the CD47 failure outcome. Broad oncology and antiviral portfolio beyond the CD47 program.
  • Bristol-Myers Squibb: Major oncology incumbent with a prior internal CD47 program (CC-90002) that was discontinued, mirroring Trillium's outcome. BMS operates an extensive immune checkpoint and cell therapy portfolio (PD-1, LAG-3) in adjacent mechanism space.
  • Merck & Co. PD-1 checkpoint leader (Keytruda) and broader oncology incumbent; comparable as an immunotherapy anchor against which CD47-pathway programs like Trillium's were positioned as resistance-overcoming or complementary mechanisms.
  • Roche: Global biopharma with Tecentriq (PD-L1 inhibitor) and an extensive immuno-oncology franchise. Comparable as a large-cap incumbent operating in the immune-checkpoint space where Trillium's CD47 program was positioned.
  • AstraZeneca: Major oncology biopharma with immune checkpoint (Imfinzi/PD-L1) and bispecific programs; relevant as a broad immuno-oncology peer and as one of several large players who evaluated but largely moved past the CD47 axis.

Emerging players

  • Adaptimmune Therapeutics: Clinical-stage biotech developing TCR-based cell therapies for solid tumors — adjacent cell-redirecting modality to Trillium's T-cell engager program. Comparable in stage and oncology focus.
  • Iovance Biotherapeutics: Clinical-to-commercial cell therapy company focused on tumor-infiltrating lymphocyte (TIL) therapies for solid tumors. Comparable as an immuno-oncology biotech targeting hematologic and solid tumor indications similar to Trillium's intended patient segments.

Market position

Strengths1 record

Weaknesses3 records

Competitive moat2 records

Key risks4 records

Key highlights4 records

Customer concentration

Trillium Therapeutics social profiles

Digital presence

Trillium Therapeutics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Trillium Therapeutics leadership team

Management profile

Number of profiles

Profiles4 records

Trillium Therapeutics funding detail

Funding detail

Funding overview

Funding rounds9 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Trillium Therapeutics M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trillium Therapeutics

What does Trillium Therapeutics do?

Trillium Therapeutics was a clinical-stage biopharmaceutical company developing novel cancer immunotherapies, primarily targeting the CD47 "don't eat me" checkpoint pathway. Its pipeline centered on CD47-blocking fusion proteins and T-cell engagers intended for blood cancers and solid tumors. Following Pfizer's 2021 acquisition, all Trillium-originated clinical programs were discontinued, terminating ongoing development.

Is Trillium Therapeutics a public or private company?

Trillium Therapeutics is a private company. It is classified as corporate owned and is currently acquired.

When was Trillium Therapeutics founded?

Trillium Therapeutics was founded in 2004. It employs 11 to 50 people.

Where is Trillium Therapeutics based?

Trillium Therapeutics is headquartered in Toronto, Canada, in the North America region.

Who are Trillium Therapeutics's main competitors?

ALX Oncology Holdings is listed as a direct peer. Broad incumbents are Gilead Sciences, Bristol-Myers Squibb, Merck & Co., Roche and AstraZeneca. Emerging players are Adaptimmune Therapeutics and Iovance Biotherapeutics.

Does Trillium Therapeutics have an API?

No public API is recorded for Trillium Therapeutics.

What industry is Trillium Therapeutics in?

Trillium Therapeutics's product category is Cancer Immunotherapy Drugs. Its primary akta.pro industry code is HLAAABAC, CAR-T & TCR-T Therapies, with a secondary code of HLAAABAH, Cell Processing & Ancillary Materials (media, cytokines, beads, vectors, disposables). Its NAICS code is 325414 and its SIC code is 2834.

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Live signals
PR NewswireCD47 Targeting Therapeutics Market Future Pipeline/Clinical Trial Analysis and Revenue Forecast Snapshot - Exclusive Report by InsightAce AnalyticInsightAce Analytic released a market assessment report projecting the global CD47 targeting therapeutics market to grow at a CAGR of 67% during 2022-2030, driven by increasing adoption of CD47-targeting anti-cancer therapies, a growing geriatric population, and rising cancer prevalence. Notable market developments include Pfizer's acquisition of Trillium Therapeutics for $2.3 billion in September 2021 and Gilead Sciences' acquisition of Forty Seven in March 2020, both bolstering portfolios in oncology and hematology. Key players in the market include ALX Oncology, Bristol Myers Squibb, Gilead Sciences, Pfizer, Eli Lilly, Alector, and Innovent Biologics, with growth opportunities tempered by high production costs, complex manufacturing, and strict regulatory requirements.PR NewswireNovel T-Cell Immunotherapies Market - Future Pipeline/Clinical Trial Analysis and Revenue Forecast Snapshot - Exclusive Report by InsightAce AnalyticInsightAce Analytic Pvt. Ltd. released a market assessment report projecting the global novel T-cell immunotherapies market to grow at a CAGR of 47% from 2022 to 2030, driven by increasing chronic disease incidence and strategic partnerships among therapy developers. The report highlights key transactions including Takeda Pharmaceutical's acquisition of GammaDelta Therapeutics, Pfizer's acquisition of Trillium Therapeutics, and Harpoon Therapeutics' clinical supply agreement with Roche. North America leads the market due to rising cell therapy awareness and government R&D investments, while Asia-Pacific is expected to grow at the fastest rate.PharmiWeb.comPfizer Completes Acquisition of Trillium TherapeuticsPfizer has completed the acquisition of Trillium Therapeutics for approximately $2.22 billion, integrating its immuno-oncology pipeline into Pfizer's Oncology portfolio. The deal includes two lead investigational molecules, TTI-622 and TTI-621, targeting hematological malignancies, which are now being delisted from stock exchanges as Trillium becomes a wholly-owned subsidiary.PR NewswireSHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates ADTN, DSPG, LMRK, TRIL; Shareholders are Encouraged to Contact the FirmLaw firm Halper Sadeh LLP announced shareholder investigations into four companies regarding potential federal securities law violations and fiduciary duty breaches in pending merger and acquisition transactions: ADTRAN's merger with ADVA, DSP Group's sale to Synaptics, Landmark Infrastructure Partners' sale to Landmark Dividend LLC, and Trillium Therapeutics' sale to Pfizer Inc. The investigations aim to determine whether shareholders received fair consideration and adequate disclosures in transactions valued at $22.00 per share (DSP Group), $16.50 per unit (Landmark Infrastructure), and $18.50 per share (Trillium Therapeutics). The firm indicated it may seek increased consideration, additional disclosures, or other relief on behalf of shareholders.PR NewswireSHAREHOLDER ALERT: WeissLaw LLP Reminds DSPG, ADTN, TRIL, and STMP Shareholders About Its Ongoing InvestigationsWeissLaw LLP issued a shareholder alert on September 14, 2021, announcing ongoing investigations into possible breaches of fiduciary duty by the boards of four companies in connection with proposed acquisitions and mergers. The companies under investigation are DSP Group (being acquired by Synaptics for $22.00 per share), ADTRAN (merging with ADVA under a new holding company), Trillium Therapeutics (being acquired by Pfizer for $18.50 per share), and Stamps.com (being acquired by Thoma Bravo for $330.00 per share). Shareholders of each company are being advised to contact WeissLaw LLP to discuss their rights or potential claims.PR NewswireSHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Trillium Therapeutics, Inc. - TRILMonteverde & Associates PC announced an investigation into the proposed acquisition of Trillium Therapeutics, Inc. by Landmark Dividend LLC, under which TRIL shareholders would receive $16.50 in cash per share. The investigation will examine whether Trillium Therapeutics and its Board of Directors violated securities laws or breached fiduciary duties by failing to conduct a fair process and whether the transaction is properly valued. The law firm is offering shareholders free information and assistance to protect their investments.PR NewswireSHAREHOLDER ALERT: WeissLaw LLP Reminds DSPG, ADTN, TRIL, and SIC Shareholders About Its Ongoing InvestigationsWeissLaw LLP announced ongoing investigations into four companies regarding potential breaches of fiduciary duty in connection with proposed acquisitions: DSP Group (being acquired by Synaptics for $22/share cash), Trillium Therapeutics (being acquired by Pfizer for $18.50/share cash), ADTRAN (merging with ADVA under new holding company ADTRAN Holdings), and Select Interior Concepts (being acquired by Sun Capital Partners affiliate for $14.50/share cash). The law firm is contacting shareholders to discuss their rights and potential legal remedies related to these transactions.Benzinga60 Biggest Movers From Yesterday - ABVC BioPharma (NASDAQ:ABVC), ALX Oncology Holdings (NASDAQ:ALXO)The article lists the biggest stock market movers from the previous trading day, highlighting significant gains and losses across various sectors. Notable events include Pfizer's acquisition agreement with Trillium Therapeutics for $2.26 billion and the FDA granting full approval to the Pfizer-BioNTech COVID-19 vaccine. Other key developments involve regulatory clearances, earnings reports, and strategic partnerships affecting numerous publicly traded companies.BenzingaJim Cramer Thinks More Acquisitions From Pfizer Are Coming, Reveals What Similar Type Of Stocks To WatchPfizer Inc. announced a definitive agreement to acquire Trillium Therapeutics Inc for an implied equity value of $2.26 billion, or $18.50 per share. Jim Cramer characterized this deal as the start of Pfizer's strategy to utilize its financial resources to mitigate concerns regarding its upcoming patent cliff. He further advised investors to focus on oncology stocks, noting that Trillium possesses a strong platform in this sector.BenzingaMid-Day Market Update: Crude Oil Surges 5%; Staffing 360 Solutions Shares Plunge - Peabody Energy (NYSE:BPfizer Inc. agreed to acquire Trillium Therapeutics Inc. for $18.50 per share, representing an implied equity value of $2.26 billion and a 118% premium to Trillium's recent trading price. In other market activity, Peabody Energy Corporation shares rose 10% as energy stocks gained 3.7%, while Staffing 360 Solutions shares plunged 16% following a new stock offering.