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Pfizer to buy Canadian ‘blockbuster’ cancer drug developer Trillium Therapeutics in $2.26-billion deal

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Pharma giant Pfizer Inc. recently announced it would buy Trillium Therapeutics Inc. in a deal valuing the Mississauga blood cancer drug developer at US$2.26-billion. Pfizer invested US$25-million last year in Trillium, picking up 2.3 million shares. It’s the second-largest deal for a Canadian biotech company on record, after Shire Pharmaceuticals Group PLC’s $5.9-billion CAD purchase of AIDS drug developer BioChem Pharma Inc. 20 years ago.