SOURCE: Stellar Biotechnologies, Inc.

Stellar Biotechnologies, Inc.

March 08, 2011 08:55 ET

Stellar Biotechnologies Appoints Vice President, Business Development & Marketing

PORT HUENEME, CA--(Marketwire - March 8, 2011) - Stellar Biotechnologies, Inc. (PINKSHEETS: SBOTF) (TSX-V: KLH) has appointed Michael R. McClurg to VP, Business Development & Marketing. His employment begins shortly, and Company Executive VP, Darrell Brookstein's title will be changed to Executive VP, Corporate Development & Finance.

Darrell Brookstein said, "Stellar is very pleased to bring aboard a biotech and pharmaceutical executive with Michael's strong, commercial market accomplishments in the areas of vaccine, pharmaceutical and medical diagnostic product development. With broad-based operational expertise with both start-ups and mature companies, Michael will add valuable project management, strategic marketing and licensing/partnering skills to the Stellar team. Working closely with both CEO, Frank Oakes, and me, Michael will immediately interact with current and potential customers on the vaccine side and work with the regulatory group on market development and launch of our preclinical diagnostic product, which is expected to come to market in the very near term. We look for him to help us increase shareholder value and continue to build on Stellar's history of success." 

Michael has over 25 years of technical and business experience in the biotechnology and pharmaceutical industries. He received his BS in Biology from the University of California, San Diego and an MBA from the University of San Diego. Michael has recently served as VP, Business Development & Strategic Marketing at Chemtron Biotech, a Shanghai-based medical diagnostic manufacturing organization. Previously as VP, Business Development at Quidel Corporation, he was responsible for business development and strategic planning activities for Point-of-Care Diagnostics. Prior to joining Quidel, Michael served in a senior capacity at Maxim Pharmaceuticals, an oncology drug research and development organization. He has fulfilled senior business and marketing management roles in drug development companies such as Ligand Pharmaceuticals, Isis Pharmaceuticals and Prometheus Laboratories.

Mr. McClurg said, "I am excited by the opportunity to take the lead in coordinating and executing Stellar's business development and marketing plan. While we will initially focus on strengthening and expanding the market for Stellar's current KLH products and product line, a significant effort will be devoted to developing Stellar's preclinical diagnostic products. The potential for Stellar's diagnostic approach is substantial and I look forward to helping realize this aspect of the business. I am also equally excited with longer term efforts to identify and develop new applications and uses for Stellar's proprietary methods, technologies and other products."

About Stellar Biotechnologies, Inc. (PINKSHEETS: SBOTF) (TSX-V: KLH): Stellar Biotechnologies, Inc. (PINKSHEETS: SBOTF) (TSX-V: KLH) (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 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.

There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein. This news release does not constitute an offer to sell, or a solicitation of an offer to buy any of the Company's securities set out herein in the United States, or to, or for the benefit or account of, a U.S. Person or person in the United States. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of these releases.

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