Exhibit
5.1
PORTER,
WRIGHT, MORRIS & ARTHUR LLP
41
South
High Street
Columbus,
Ohio 43215-6194
Telephone:
614/227-2000
Facsimile:
614/227-2100
December
7, 2006
Neoprobe
Corporation
425
Metro
Place North, Suite 300
Dublin,
Ohio 43017
Ladies
and Gentlemen:
With
respect to the Registration Statement on Form SB-2 (the “Registration
Statement”) being filed with the Securities and Exchange Commission by Neoprobe
Corporation, a Delaware corporation (the “Company”) under the Securities Act of
1933, as amended, relating to the sale of up to 13,440,000 shares (the “Shares”)
of Common Stock of the Company, $.001 par value (the “Common Stock”), by the
selling stockholder named in the Registration Statement (the “Selling
Stockholder”), we advise you as follows:
We
are
counsel for the Company and have participated in the preparation of the
Registration Statement. We have reviewed the Company’s Restated Certificate of
Incorporation, as amended to date, the corporate action taken to date in
connection with the Registration Statement and the issuance of the Shares,
the
form of Common Stock Purchase Agreement between the Company and the Selling
Stockholder, dated as of December 1, 2006 (the “Purchase Agreement”), and such
other documents and authorities as we deem relevant for the purpose of this
opinion.
Based
upon the foregoing and in reliance thereon, we are of the opinion that, upon
compliance with the Securities Act of 1933, as amended, and with the securities
or "blue sky" laws of the states in which the Shares are to be offered for
sale,
the 13,440,000 shares of Common Stock issuable under the Purchase Agreement
will
be, when issued and paid for as provided in the Purchase Agreement, validly
issued, fully paid and non-assessable.
We
consent to the filing of this opinion as an exhibit to the Registration
Statement and to the use of our name under the caption “Legal Experts” in the
prospectus included in the Registration Statement.
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Very
truly
yours, |
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/s/ Porter, Wright, Morris & Arthur
LLP |
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PORTER,
WRIGHT, MORRIS & ARTHUR LLP |