TORONTO, ONTARIO--(Marketwired - June 2, 2014) - Stem Cell Therapeutics Corp. ("SCT") (TSX:SSS)(OTCQX:SCTPF), an immuno-oncology company developing innovative therapies for the treatment of cancer, today announced that it has filed articles of amalgamation to merge with its wholly-owned subsidiary Trillium Therapeutics Inc. ("TTI"). The combined company has adopted the Trillium name.
"The use of "Stem Cell" in our company name did not properly reflect our business, which is strongly focused on the immuno-oncology area, such as our checkpoint inhibitor program targeting the CD47/SIRPa immunoregulatory axis," commented Dr. Niclas Stiernholm, Chief Executive Officer. "Trillium enjoyed a solid reputation in the biopharmaceutical industry for its high quality immunotherapy research, exemplified by a decade of strong industry and academic partnerships. We will clearly benefit from this brand recognition with our return to the Trillium name."
Conditional approval for the name change was received from the TSX. The Company will soon begin trading under the symbol "TR".
About Trillium Therapeutics:
Trillium Therapeutics Inc. is an immuno-oncology company developing innovative therapies for the treatment of cancer. The Company has two premier preclinical programs, SIRPaFc and a CD200 monoclonal antibody (mAb), which target two key immunoregulatory pathways that tumor cells exploit to evade the host immune system. SIRPaFc is an antibody-like fusion protein that blocks the activity of CD47, a molecule that is upregulated on tumor cells in acute myeloid leukemia (AML) and numerous other malignancies. The CD200 mAb is a fully human monoclonal antibody that blocks the activity of CD200, an immunosuppressive molecule that is overexpressed by many hematopoietic and solid tumors. TTI's clinical stage programs include tigecycline which is being evaluated in a multi-centre Phase I study in patients with AML and TTI-1612, which has been tested in a 28-patient Phase I trial in interstitial cystitis ("IC") patients. For more information, visit: www.trilliumtherapeutics.com.
Caution Regarding Forward-Looking Information:
This press release may contain forward-looking statements, which reflect TTI's current expectation regarding future events. These forward-looking statements involve risks and uncertainties that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include changing market conditions; the successful and timely completion of pre-clinical and clinical studies; the establishment of corporate alliances; the impact of competitive products and pricing; new product development risks; uncertainties related to the regulatory approval process or the ability to obtain drug product in sufficient quantity or at standards acceptable to health regulatory authorities to complete clinical trials or to meet commercial demand; and other risks detailed from time to time in TTI's ongoing quarterly and annual reporting. Except as required by applicable securities laws, TTI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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