November 12, 2024
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Stellar reports decline in third quarter earnings

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Stellar Biotechnologies reported a 7 percent drop in revenue for the third quarter, and net losses stayed flat at $5.03 million. Shares shot up after the announcement Nov. 30 and continued to climb in after-hours trading to $1.15, up more than 12 percent. The Port Hueneme company, which manufactures keyhole limpet hemocyanin proteins for immunotherapies,…

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