Exhibit 99.1
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IMMEDIATE RELEASE
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June 26, 2008 |
CONTACTS: |
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Brent Larson,
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Tim Ryan, |
Vice President / CFO
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The Trout Group |
614.822.2330
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646.378.2924 |
NEOPROBE ANNOUNCES ANNUAL MEETING RESULTS
CEO Provides Business Update
DUBLIN, OHIO June 26, 2008 Neoprobe Corporation (OTCBB: NEOP), a diversified developer of
innovative oncology and cardiovascular surgical and diagnostic products, announced today that its
stockholders re-elected Carl J. Aschinger, Jr., Owen E. Johnson, M.D. and Fred B. Miller as
Directors of the Company for terms ending at the 2011 Annual Meeting. In addition, Neoprobes
stockholders approved an amendment to the Companys 2002 Stock Incentive Plan to increase the
number of shares issuable under the Plan from 5,000,000 to 7,000,000 shares.
David Bupp, Neoprobes President and CEO, provided the stockholders at the Companys 2008 Annual
Meeting with a business update. During his presentation, which followed the formal portion of the
meeting, Mr. Bupp reviewed the Companys activities over the past year highlighting the following
milestones:
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Completion of Phase 2 Lymphoseek® clinical study in patients with breast
cancer or melanoma that exceeded performance objectives |
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FDA clearance for first Phase 3 study of Lymphoseek in breast or melanoma patients |
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Enrollment of patients in first Phase 3 study of Lymphoseek |
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Marketing and distribution agreement for Lymphoseek in the U.S. with the dominant
nuclear pharmacy company |
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Extension of gamma detection device marketing agreement with the Companys primary
device marketing partner through 2013 |
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Commenced EU regulatory initiative for Lymphoseek |
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$14 million in capital committed to fund Lymphoseek commercial development |
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Neoprobe GDS (Model 2300) gamma detection system console launched |
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Regulatory initiative for RIGScan® CR commenced in EU |
In conclusion, Mr. Bupp thanked the stockholders for their continuing support of the Company and
its business activities.
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., was formed to advance 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