EX-5.1 3 dex51.htm OPINION OF PEPPER HAMILTON, LLP Opinion of Pepper Hamilton, LLP

Exhibit 5.1

 

[Pepper Hamilton LLP Letterhead]

 

September 23, 2003

 

Neose Technologies, Inc.

102 Witmer Road,

Horsham, Pennsylvania 19044

 

 

Ladies and Gentlemen:

 

Reference is made to our opinion dated June 20, 2003 and included as Exhibit 5.1 to the Registration Statement on Form S-3 (Registration No. 333-106327) (the “Registration Statement”) filed on June 20, 2003 by Neose Technologies, Inc., a Delaware corporation (the “Company”) with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”). We are rendering this supplemental opinion in connection with the prospectus supplement (the “Prospectus Supplement”) filed on or about September 23, 2003 by the Company with the Commission pursuant to Rule 424 under the Securities Act. The Prospectus Supplement relates to the offering by the Company of up to 2,888,889 shares of the Company’s common stock, $0.01 par value per share (the “Shares”), which Shares are covered by the Registration Statement. We understand that the Shares are to be offered and sold in the manner described in the Prospectus Supplement.

 

We have acted as your counsel in connection with the preparation of the Registration Statement and the Prospectus Supplement. We are familiar with the proceedings taken by the Board of Directors of the Company in connection with the authorization, issuance and sale of the Shares. We have examined all such documents as we consider necessary to enable us to render this opinion.

 

Based upon the foregoing, we are of the opinion that the Shares have been duly authorized and, when issued and delivered by the Company against payment therefor as set forth in the Prospectus Supplement, will be validly issued, fully paid and non-assessable.

 

We hereby consent to the filing of this opinion as a part of the Registration Statement and to the reference of our firm under the caption “Legal Matters” in the Prospectus Supplement. In giving such consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission.

 

Very truly yours,

 

/s/ Pepper Hamilton LLP