PORT HUENEME, CA--(Marketwire - Sep 20, 2011) - Stellar Biotechnologies, Inc. "Stellar" (
Sigma-Aldrich's (a Fortune 1000 Company with a $7.9B market capitalization) SAFC division will perform the final purification of high molecular weight (HMW) KLH (Keyhole Limpet Hemocyanin) from Stellar's aquaculture KLH intermediate for the growing, international therapeutic and conjugate vaccine markets. The Stellar - SAFC joint marketing and joint promotion efforts are expected to grow this market significantly over coming months.
Stellar has initiated production of the SAFC material, along with production of other grades of KLH manufactured by Stellar for its other customers. Stellar is currently delivering fully purified KLH to fill orders from existing customers, and has multiple requests for samples for evaluation from international researchers, vaccine developers and medical diagnostic companies. The Company's current manufacturing campaigns will provide product to support the SAFC marketing campaign, fill orders and build inventory to support Stellar's pre-clinical product launch in early 2012.
Stellar CEO Frank Oakes said, "Receipt of this first, significant order from SAFC represents the beginning of an important move into the HMW GMP-grade vaccine market for KLH with our new partner, a company we believe is currently the most important supplier of GMP, pharmaceutical-grade KLH in the world. With the SAFC relationship, our continuing business with other customers for Stellar's GMP-grade subunit KLH, and the anticipated launch of our preclinical immunotox diagnostic product suite, we look forward with enthusiasm to growth and further creation of shareholder value over the next year."
About Stellar Biotechnologies, Inc. Stellar Biotechnologies, Inc. (
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Contact Information:
Contact:
Darrell Brookstein
Executive VP, Corporate Development & Finance
322 Scott Street
Port Hueneme, CA 93041
(805) 488-2147 ext. 103
dbrookstein@stellarbiotech.com