• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Pharmaceutical Market
    Pharmaceutical News
    Pharmaceutical Stocks
    • Pharmaceutical Market
    • Pharmaceutical News
    • Pharmaceutical Stocks
    pharmaceutical investing

    Stellar Biotechnologies enters exclusive agreement with Amaran Biotechnology

    Bryan Mc Govern
    Mar. 06, 2017 08:24AM PST
    Pharmaceutical Investing

    Stellar Biotechnologies (NASDAQ:SBOT) and Amaran Biotechnology signed an exclusive agreement where Stellar will supply of keyhole limpet hemocyanin (KLH) to Amaran.

    Stellar Biotechnologies (NASDAQ:SBOT) and Amaran Biotechnology signed an exclusive agreement where Stellar will supply of keyhole limpet hemocyanin (KLH) to Amaran.
    As quoted in the press release:

    Stellar Biotechnologies Inc. announced on March 1 that it has entered into an agreement to supply KLH to Amaran Biotechnology Inc. in connection with clinical studies of immunotherapies for metastatic breast cancer and other cancers.
    Stellar noted that the agreement “follows a two-year development collaboration between the companies involving the optimization of manufacturing processes for a KLH-conjugated vaccine known as Adagloxad Simolenin (formerly OBI-822), now in late-stage clinical studies. Adagloxad Simolenin is part of a new class of treatments, known as active immunotherapies, which are designed to stimulate a patient’s own immune system to recognize and attack targeted tumor cells.”
    “This supply agreement with Stellar secures sustainable access to KLH, a key ingredient required to manufacture Adagloxad Simolenin, a therapeutic cancer vaccine which Amaran is producing for its client, OBI Pharma, Inc.,” said Tessie Che, Amaran’s general manager and Chair of its Board of Directors.
    Stellar President and CEO Frank Oakes said, “This new agreement with Amaran provides us with another validation of the Stellar KLH carrier platform and marks an important step in the development of new treatment options for devastating cancers.”
    Stellar also noted that “under the terms of the supply agreement, Amaran has committed to purchase Stellar KLH in amounts necessary to meet its requirements for vaccine production. Stellar will maintain a master file with the U.S. FDA for the KLH product used by Amaran. In addition to Adagloxad Simolenin, the exclusive supply agreement covers cancer immunotherapies and vaccines that combine tumor antigens known as Globo H to one of Stellar’s KLH product formulations.”
    Jason McCarthy, an equity research analyst with Maxim Securities, in his interview with The Life Sciences Report published March 1, noted that Stellar customers hitting their clinical milestones should translate into additional supply contracts or partnerships for Stellar. “What drives Stellar ultimately is its partners. As its partners grow, so should Stellar… As far as I know, no one else can supply KLH at the quality and the quantity that Stellar can,” he said.
    After the Amaran announcement on March 1, Stellar’s stock rose from $1.52/share to $1.73.
    Editor’s note: Stellar’s stock closed at $1.94 on March 3, a 27% gain since the Amaran announcement on March 1.

    Click here for the full press release.

    pharmaceutical investingbreast cancerboard of directorskeyhole limpet hemocyaninclinical studiesclinical milestones
    The Conversation (0)

    Go Deeper

    AI Powered
    Row of test tubes and pipette with chemical droplet chemical coming from it.

    Top 5 Small-cap Biotech Stocks of 2025

    Senior woman doing exercises alongside closeup of DNA.

    5 US Longevity and Anti-aging Stocks to Watch in 2025

    Latest News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Pharmaceutical Investing Stocks

    Cardiol Therapeutics

    CRDL:CA

    Invion Limited

    IVX:AU

    Principal Technologies

    PTEC:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES