Stellar Biotechnologies’ Sub Invited to Submit Application by National Science Foundation (NSF) on Bayer Innovation Collaboration
October 20, 2010
PORT HUENEME, CA--(October 20, 2010) - (TSX-V: KLH) (U.S. OTC: SBOTF) -- Stellar Biotechnologies, Inc. announced today that its California subsidiary has been invited to submit a formal application for funding under the National Science Foundation’s (NSF) Technology Enhancement for Commercial Partnerships (TECP) program. If the application is approved, the TECP program will provide financial support for research that will expand the current collaboration between Stellar and Bayer Innovation GmbH (BIG), a subsidiary of pharmaceutical giant, Bayer AG (PINKSHEETS: BAYRY), to include the development of key diagnostic assays.
The prestigious TECP program provides funding for research that is considered critical to the success of strategic partnerships between NSF funded researchers (http://www.nsf.gov/awardsearch/showAward.do?AwardNumber=0848952) and commercial partners such as Bayer Innovation. Applications to the program are by invitation only and require a letter of intent from the commercial partner for commercial use of the resulting technology.
In the letter of support BIG stated that: “We believe that the approach proposed by Stellar could set a standard, and would add significant value to Stellar’s KLH by improving functional characterization. This is expected to translate into better regulatory filings.”
BIG is pioneering the development of a proprietary technology for Plant Made Protein (PMP) as a raw material for production of cancer vaccines, and has selected KLH (Keyhole Limpet Hemocyanin) as the carrier protein for use in these therapeutic vaccine products.
Stellar’s CEO, Frank Oakes said, “This is valuable research that is necessary to demonstrate consistent potency of the KLH used as a carrier protein in vaccines. Once put in place by Stellar, the technology will set a new industry standard. The National Science Foundation has recognized this need, and the TECP program is an exceptional tool for facilitating industry partnerships for the commercialization of cutting-edge technologies and treatments.”
About Stellar Biotechnologies, Inc. (TSX-V: KLH) (U.S. OTC: SBOTF) (www.StellarBiotechnologies.com) is a world leader in sustainable manufacturing of pharmaceutical grade immune carrier proteins (ICP), particularly with regard to the present most important pharmaceutical protein in this class, KLH (Keyhole Limpet Hemocyanin). This ancient evolutionary protein has a highly complex structure that makes it ideal for use in human and animal vaccines and diagnostic products. With partners and customers, its flagship Stellar KLH products are in the clinic, and on the way to being established as the only sustainable, long-term pharmaceutical source.
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