Navigation Links
Trillium secures additional financing on the strength of lead program and proprietary position around the CD200 immunoregulatory pathway
Date:9/18/2008

TORONTO, Sept. 18 /PRNewswire/ - Trillium Therapeutics Inc., a privately-held biopharmaceutical company specializing in the development of innovative therapies for the treatment of immune-mediated disorders, announced today that it has secured $12 million in new financing from its existing investors, VenGrowth Private Equity Partners, BDC Capital and Canadian Medical Discoveries Fund (CMDF).

"We are fortunate to have the continued support of some of Canada's premier venture capital investors, especially under these trying market conditions," commented Trillium CEO Dr. Niclas Stiernholm. "These funds will allow us to advance several programs into clinical development, elevating the company to a new level and opening up new strategic possibilities in 2009."

Trillium will use the majority of the proceeds to fund clinical trials of its lead product candidate, TTI-1612, a recombinant growth factor under parallel development for the prevention of necrotizing enterocolitis and the treatment of interstitial cystitis. TTI-1612 is on track to begin clinical testing by the end of 2008, and two additional trials are projected to commence in 2009. The company's two preclinical programs, a CD200-specific monoclonal antibody for the treatment of cancer, and a CD200Fc fusion protein for the treatment of autoimmune and inflammatory diseases, continue to hold promise and to generate strong scientific and commercial interest.

"Our continued support for Trillium is driven by the quality of the lead program TTI-1612, the strong patent position around the exciting new immunoregulatory target CD200, and management's proven ability to execute partnerships," added Dr. Luc Marengere, of VenGrowth Private Equity Partners, Trillium's largest investor.

About Trillium: Trillium Therapeutics Inc. is a private biopharmaceutical company specializing in innovative therapies of immune-mediated conditions, such as autoimmune and inflammatory disorders, as well as can
'/>"/>

SOURCE Trillium Therapeutics Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2

Related biology technology :

1. Althea Technologies Secures $12 M Credit Line to Continue Facility Growth and Expansion
2. Progenitor Cell Therapy Secures Industry Accreditation
3. BIOCOM Institute Secures Non-Profit Designation and Funding
4. Cara Therapeutics Secures $12.3 Million in Series C Extension Financing
5. OMTEC 2008 Boasts Record Attendance and Secures Premier Position as Must-attend for Orthopaedic Companies
6. Genta Secures Up to $40 Million Convertible Financing Facility to Fund Key Programs
7. Novasys Medical Secures $49.5 Million in Series D Financing to Expand Commercialization of Its Renessa(R) Treatment for Incontinence in Women
8. Veran Medical Technologies Secures $4.75M in First Institutional Funding
9. Northwest Secures US$4.0 Million in Debt Financing
10. D-Pharm Secures Funding From Israels Chief Scientists Office
11. Aerovance Secures $20 Million in Debt Financing

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/25/2009)...W YORK, Nov. 25 Reportlinker.com a...lable in its catalogue: ,, Brazil Bioethanol M...//www.reportlinker.com/p0165503/Brazil-Bioethanol-...Brazil Bioethanol Market Analysis and Forecasts to...tailed analysis and forecasts of the global bioeth...
(Date:11/24/2009)...vailable in German . , Whether it,s CD pack...gs (Radio Frequency Identification) are increasing... it possible to label objects or goods and identif...priate scanner can read and process the data conta...goods under production conditions of up to 100 deg...
(Date:11/24/2009)... Ambassador to also Visit Detroit , ...Who: David Appia, French Ambassador for Internatio... in France Agency, , , , ,What: Ambassador Appia ...pro-business initiatives adopted by France to furt...dscape for innovation and development., , ,When: A...
(Date:11/24/2009)...A CRUZ, Calif., Nov. 24 Two more p...ter, the nation,s leading online job board and car...rthwestern and Columbia University are now members...ence training Institutions. ,, The job board, ...es in the life sciences. While there are hundreds ...
Breaking Biology Technology:Reportlinker Adds Brazil Bioethanol Market Analysis and Forecasts to 2013 2Reportlinker Adds Brazil Bioethanol Market Analysis and Forecasts to 2013 3Reportlinker Adds Brazil Bioethanol Market Analysis and Forecasts to 2013 4Reportlinker Adds Brazil Bioethanol Market Analysis and Forecasts to 2013 5Reportlinker Adds Brazil Bioethanol Market Analysis and Forecasts to 2013 6Reportlinker Adds Brazil Bioethanol Market Analysis and Forecasts to 2013 7Reportlinker Adds Brazil Bioethanol Market Analysis and Forecasts to 2013 8Reportlinker Adds Brazil Bioethanol Market Analysis and Forecasts to 2013 9Reportlinker Adds Brazil Bioethanol Market Analysis and Forecasts to 2013 10Intelligence inside metal components 2Two Major Universities Join Nation's Leading Postgrad Bio Job Board 2
...s. - Stratatech Corp. was awarded a federal Pha...titute of General Medical Sciences to further deve...shed in 2000, Stratatech is based in Madison and e... the Greater Madison Wisconsin Area Directory of H...urce of pathogen-free human skin cells that are ab...
... Doyle today announced that three Wisconsin busine...nt projects from the Department of Commerce Techno...und (TVF) Programs. The three companies are Quinte...and Bell Brook Labs, LLC, Meanwhile U.S. Federal ...osed merger. , ,Original air date: Saturday, June ...
...son, who teaches courses on early-stage companies ...ded or co-founded three venture capital funds. He ...anging up his sword, declining to raise new money ...rsuing too few deals. Theres nowhere for all that ...Anderson wrote in Technology Review last month. Il...
Other Biology Technology:Is venture capital dead? No, but its beginning a new cycle 2Is venture capital dead? No, but its beginning a new cycle 3
(Date:11/25/2009)...y lives. In addition to mammalian immune systems t...lled bacteriophages, viruses that kill half the ba...ia and another class of microorganisms called arch... as deep-sea volcanic vents) manage just fine, tha...se system that helps protect them from many viruse...
(Date:11/25/2009)... is the linchpin of the environment, where atmosph..., many students see soil as "just dirt" a place t...ators are challenged with the task of helping stud...nce of soil in the environment. , A collaborati...ers at University of Nebraska-Lincoln, Oregon Stat...
(Date:11/25/2009)...st as vital to your health as what you eat, found ...tudies. Their experiments in mice revealed that th... the liverthe body,s metabolic clearinghouseis mos...s circadian clock as conventional wisdom had it. ...large number of genes completely independent of th...
Breaking Biology News(10 mins):Researchers discover biological basis of 'bacterial immune system' 2Researchers discover biological basis of 'bacterial immune system' 3It's not just dirt! 2Feeding the clock 2Feeding the clock 3CyberGlove Systems Hosts Worldwide Contest for New Motion Capture Technology Applications 50667 1CyberGlove Systems Hosts Worldwide Contest for New Motion Capture Technology Applications 50667 2CyberGlove Systems Hosts Worldwide Contest for New Motion Capture Technology Applications 50667 3Emdeon Acquires eRx Network LLC 50665 1Emdeon Acquires eRx Network LLC 50665 2Emdeon Acquires eRx Network LLC 50665 3New Drug Could Work Against Leukemia 50663 1
...29, 2008 -- In less time than the blink of an eye,...ew supercomputer at Arizona State University can d...all Street bailout. , That would be 700 billion c...Dan Stanzione, director of the High Performance Co...f Engineering. , The "Saguaro 2" supercomputer, h...
... suspected that amphibians, whose moist permeable ...he environment, might be good bellwethers for impe...mate change. , Now two University of California b...is sensitive group of animals in a global study of...study appears this week in the advance online vers...
...y of California team that developed a successful i...leading to significant pesticide reduction, will b...(ESA) annual meeting, Nov. 16-19 in Reno. , The s...ated Pest Management (IPM) Team will receive the E...ce in IPM," on Sunday night, Nov. 16 in the Reno-S...
Other Biology News:Supercomputer provides massive computational boost to biomedical research at TGen 2Supercomputer provides massive computational boost to biomedical research at TGen 3Study confirms amphibians' ability to predict changes in biodiversity 2Almond pest management team to receive major award at ESA meeting 2
Rabbit IgG ELISA Development Kit, SensiFlex with Fluorocillin Green 495/525 from Molecular Probes (Invitrogen)
Bovine BSA, Fluorescein conjugated/tagged from Biosearch Technologies
Sheep Anti-Human CORTISOL BINDING GLOBULIN Polyclonal Antibody, Unconjugated from AbD Serotec
Eosinophil IHC Staining Kit, EoProbe from BioFX Laboratories, Inc.
Biology Products: