LOS ANGELES, July 5, 2018 /PRNewswire/ -- Stellar
Biotechnologies, Inc. (Nasdaq: SBOT), a leading manufacturer of a key protein utilized in multiple immunotherapy development
pipelines, today issued a statement on the favorable Phase 2b study results published by Neovacs,
S.A., a customer and joint venture partner.
The following is a statement from Frank R. Oakes, Stellar's Chairman of the Board, President
and Chief Executive Officer:
We would like to extend our congratulations to Neovacs on the encouraging results achieved in
its Phase 2b study and on the continuing advancement of their IFN-Alpha-Kinoid immunotherapy in
systemic lupus erythematosus, which the Lupus Foundation has described as 'one of the world's cruelest, most unpredictable and
devastating diseases.' In addition to achieving key endpoints, Neovacs reported potent and long-lasting biological activity of
their therapeutic vaccine, which utilizes Stellar KLH as a carrier molecule. The KLH-conjugated vaccine also demonstrated a
favorable safety profile among study participants. The conclusion of this study is an important milestone for Neovacs as well as
for Stellar. We believe these results will help to reinforce the role of Stellar KLH as a key component in immunotherapy
treatments.
We look forward to working with Neovacs as it prepares for its pivotal Phase 3 clinical studies.
Stellar remains focused and fully committed to ensuring the environmentally sound production of KLH to meet the increased volumes
required by Neovacs for Phase 3 trials, manufacturing validation and scale-up.
About Stellar Biotechnologies
Based north of Los Angeles at the Port of Hueneme, Stellar Biotechnologies, Inc. is the leader in sustainable manufacture
of Keyhole Limpet Hemocyanin (KLH), an
immune-stimulating protein utilized as a carrier molecule in therapeutic vaccine pipelines (targeting cancers, immune disorders,
Alzheimer's and inflammatory diseases) and for assessing immune system function. KLH can also be used in immunotoxicology studies
for monitoring the immunomodulatory effects of drug candidates. Stellar is committed to meeting the growing demand for
commercial-scale supplies of GMP grade KLH, ensuring environmentally sound KLH production, and supporting the development of
KLH-based active immunotherapies. Stellar KLH is a trademark of Stellar Biotechnologies.
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Stellar Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be
identified by the use of words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "may," "will," "would,"
"could," "should," "might," "potential," or "continue" and variations or similar expressions. Readers should not unduly rely on
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other factors which may cause actual results or future events to differ materially from the forward-looking statements. Such
risks include, but may not be limited to: general economic and business conditions; technology changes; competition; changes in
strategy or development plans; availability of funds and resources; anticipated requirements for operating capital; governmental
regulations and the ability or failure to comply with governmental regulations; changes in trade policy and international law;
the timing of Stellar's or its partners' anticipated results, including in connection with clinical trials; the ability to meet
the goals of Stellar's joint ventures and strategic partnerships; and other factors referenced in Stellar's filings with
securities regulators. For a discussion of further risks and uncertainties related to the Stellar's business, please refer to
Stellar's public company reports filed with the U.S. Securities and Exchange Commission and the British Columbia Securities
Commission. All forward-looking statements are made as of the date hereof and are subject to change. Except as required by law,
Stellar assumes no obligation to update such statements. This press release does not constitute an offer or solicitation of an
offer for sale of any securities in any jurisdiction, including the United States.
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SOURCE Stellar Biotechnologies, Inc.