Exhibit 99.1

FOR IMMEDIATE RELEASE

                 NEOSE AMENDS SHAREHOLDER RIGHTS PLAN TO PERMIT

            EASTBOURNE CAPITAL TO INCREASE OWNERSHIP POSITION TO 20%

Horsham, PA, June 13, 2002 -- Neose Technologies, Inc. (NasdaqNM: NTEC)
announced today that, upon request of its second largest shareholder, Eastbourne
Capital Management, L.L.C. (Eastbourne), Neose has amended its Shareholder
Rights Plan to permit Eastbourne to acquire additional Neose common shares in
the open market in order to increase Eastbourne's ownership position up to 20%.
Eastbourne currently holds approximately 14.9% of Neose's common shares, and
otherwise would have been limited to 15% under the Shareholder Rights Plan.

C. Boyd Clarke, Neose's president and chief executive officer, said,"Neose is
pleased that Eastbourne wants to increase its ownership position in the company.
Eastbourne understands the potential of our technology, and has been supportive
of our plans to realize that potential.

Neose develops proprietary technologies for the synthesis and manufacture of
complex carbohydrates. The company uses its broad technology platform in the
following programs: GlycoAdvance(TM) for improving recombinant glycoproteins;
GlycoTherapeutics(TM) to develop novel carbohydrate-based therapeutics; and
GlycoActives(TM) to develop novel carbohydrate-based food and nutritional
ingredients. Eastbourne Capital Management, L.L.C. is a large fund money
management firm based in San Rafael, California. The firm manages several funds
that invest in a broad array of sectors. The firm's investment methodology is
based on rigorous fundamental analysis, which it believes provides a significant
competitive advantage over other forms of investing. The firm may be reached at
415-448-1200 or www.eastbournecapital.com.

CONTACTS:

Neose Technologies, Inc.
A. Brian Davis
Acting Chief Financial Officer
215-315-9000

Barbara Krauter
Investor Relations Associate
215-315-9004




NEOSE TECHNOLOGIES, INC.                                                 PAGE 2

For more information, please visit www.neose.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Statements in this press release regarding our business that are not
historical facts are "forward-looking statements" that involve risks and
uncertainties. For a discussion of these risks and uncertainties, any of which
could cause our actual results to differ from those contained in the
forward-looking statement, see the "Risk Factor" section of Item 1 of our Annual
Report on Form 10-K for the year ended December 31, 2001.