Pharma BD Deal Intelligence

Pfizer Inc. / Trillium Therapeutics Inc.

2021 · Acquisition/Merger · $2.3B · Complete

WRONG BY 29 POINTS
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The coverage arc

Jul 15, 2002 Wikipedia Neutral

Pfizer acquired Trillium Therapeutics for $2.3B for immuno-oncology portfolio.

Aug 23, 2021 Bullish

Pfizer to acquire Trillium Therapeutics Inc for $18.50 per share in cash representing implied equity value of $2.26 billion for CD47-SIRPa immuno-oncology…

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Pfizer acquired Trillium Therapeutics for approximately $2.26 billion ($18.50 per share) in an all-cash merger (closed November 17, 2021), gaining maplirpacept (TTI-622 / PF-07901801) and TTI-621 (PF-07901800), next-generation SIRPalpha-CD47 checkpoint inhibitors for hematological malignancies. Post-close the franchise underperformed: by May 2026 Pfizer had terminated its remaining maplirpacept clinical trials (NCT03530683 ended August 2024 and NCT05896163 ended May 2026, both cited as business decisions to pursue other oncology programs; a Phase 2 DLBCL study was terminated July 2025 for inability to recruit), and TTI-621 was discontinued. No active maplirpacept studies remain in the registry, leaving the $2.26B acquisition without a surviving clinical program — part of an industry-wide retreat from the CD47 pathway.

Key facts

Related deals — scored

DealYearValueOutcome
Pfizer Inc. / Trillium Therapeutics Inc. (this deal)2021$2.3B21
Pfizer Inc. / BioNTech SE2020$748M100
Pfizer Inc. / FoldRx Pharmaceuticals201099
Pfizer Inc. / Medivation Inc.2016$14.0B86
Pfizer Inc. / Wyeth2009$68.0B86
Pfizer Inc. / Warner-Lambert Company2000$90.0B83
Pfizer Inc. / Arvinas, Inc.2021$2.4B77

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