Exhibit 99.1
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IMMEDIATE RELEASE
CONTACTS:
Brent Larson,
Vice President / CFO
614 822.2330
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December 20, 2007
Tim Ryan,
The Trout Group
646.378.2924 |
NEOPROBE ANNOUNCES EXTENSION OF MARKETING AGREEMENT WITH ETHICON ENDO-SURGERY, INC.
DUBLIN, OHIO December 20, 2007 Neoprobe Corporation (OTCBB:NEOP News), a diversified
developer of innovative oncology and cardiovascular surgical and diagnostic products, announced the
extension of its marketing and distribution agreement with Cincinnati-based Ethicon Endo-Surgery,
Inc.
The amendment extends the rights for Ethicon Endo-Surgery to promote and sell the
neo2000® gamma detection systems for assisting in cancer diagnosis through the end of
2013.
Our arrangement with Ethicon Endo-Surgery has been integral in positioning Neoprobe as the market
leader in the handheld gamma detection market, said David Bupp, Neoprobes President and CEO. We
are excited about continuing to bring innovation to the lymphatic mapping market through partnering
with the leading provider of surgical devices.
Neoprobes gamma detection systems are currently used in lymphatic mapping for determining various
stages of cancer. The system utilizes a radioactive tracing agent, which is injected directly into
the tumor site. The agent then follows the same flow along the lymphatic system that a tumor would
follow if it metastasized or spread. The operative surgeon can then track this flow with a special
probe identifying key lymph nodes along the path to be tested for the presence of cancer.
About Neoprobe
Neoprobe is a biomedical company focused on enhancing patient care and improving patient outcome by
meeting the critical intraoperative diagnostic information needs of physicians and therapeutic
treatment needs of patients. Neoprobe currently markets the neo2000® line of gamma
detection systems that are widely used by cancer surgeons and is commercializing the
Quantix® line of blood flow measurement products developed by its subsidiary,
Cardiosonix Ltd. In addition, Neoprobe holds significant interests in the development of related
biomedical systems and radiopharmaceutical agents including Lymphoseek® and
RIGScan® CR. Neoprobes subsidiary, Cira Biosciences, Inc., is also advancing a
patient-specific cellular therapy technology platform called ACT. Neoprobes strategy is to
deliver superior growth and shareholder return by maximizing its strong position in gamma detection
technologies and diversifying into new, synergistic biomedical markets through continued investment
and selective acquisitions. www.neoprobe.com