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Multiple insider selling at Trillium Therapeutics (T:TRIL)

Updated Tuesday Jan 05, 2021 03:29 AM EDT

Penka Petrova, a Senior Officer, disposed of 57,608 Common Shares on a control or direction basis for registered holder BMO Nesbitt Burns Inc at a price of $14.498USD on December 31st, 2020. This represents a $1,063,378 divestment of the company's shares and an account share holdings change of -100.0%.

James Todd Parsons, CFO, disposed of 31,220 Common Shares on a control or direction basis for registered holder BMO Nesbitt Burns Inc at a price of $14.785USD on December 31st, 2020. This represents a $587,693 divestment of the company's shares and an account share holdings change of -100.0%.

Robert Uger, a Senior Officer, disposed of 21,621 Common Shares on a control or direction basis for registered holder BMO Nesbitt Burns Inc at a price of $14.204USD on December 31st, 2020. This represents a $391,006 divestment of the company's shares and an account share holdings change of -100.0%.

Trillium Therapeutics is in the Biotechnology & Medical Research Sub Industry Group under the Healthcare Sector.

Trillium Therapeutics Inc is a Canada-based clinical stage immuno-oncology company developing therapies for the treatment of cancer. The Company leads program, TTI-621, which is a SIRPaFc fusion protein that consists of the CD47-binding domain of human SIRPa linked to the Fc region of a human immunoglobulin (IgG1). It is designed to act as a soluble decoy receptor, preventing CD47 from delivering its inhibitory (''do not eat'') signal. Neutralization of the inhibitory CD47 signal enables the activation of macrophage anti-tumor effects by pro-phagocytic (''eat'') signals. A Phase one clinical trial (NCT02663518) evaluating intravenous dosing of SIRPaFc in patients with cancer is ongoing, and a second Phase one trial evaluating direct intratumoral injections is underway in solid tumors and mycosis fungoides (NCT02890368). TTI-622 is an IgG4 SIRPaFc protein, which is primarily being developed for combination therapy. An IND filing is targeted for 2H/17. Trillium Therapeutics Inc. (TRIL) has below median officer and director direct ownership compared to its mid-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, three insiders have divested a net amount of $2,042,077.

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