UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) July 12, 2007       

NEOPROBE CORPORATION
(Exact name of registrant as specified in its charter)
 
Delaware
 
0-26520
 
31-1080091
(State or other jurisdiction 
 
(Commission 
 
(IRS Employer
of incorporation) 
 
File Number) 
 
Identification No.)
         
425 Metro Place North, Suite 300, Columbus, Ohio
                 
43017 
(Address of principal executive offices) 
   
(Zip Code)

Registrant's telephone number, including area code  (614) 793-7500   
 
                  
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 7.01.   Regulation FD Disclosure.
 
 
On July 12, 2007, Neoprobe Corporation (the “Company”) issued a press release announcing that it had signed a term sheet with Cardinal Health for the marketing and distribution of Lymphoseek® on an exclusive basis in the United States through Cardinal Health’s network of over 150 nuclear pharmacies as well as their wholesale distribution operations to in-hospital nuclear pharmacies. Lymphoseek (Technetium Tc99m DTPA-mannosyl-dextran) is a proprietary radioactive lymphatic mapping targeting agent being developed by the Company for use with hand-held gamma detection devices, such as the Company’s neo2000® system, in a surgical procedure known as Sentinel Lymph Node Biopsy (SLNB). The Company recently announced positive preliminary data from a Phase 2 multi-center clinical trial for Lymphoseek and is preparing to submit a proposed Phase 3 protocol to the United States Food and Drug Administration. A copy of the complete text of the Company’s July 12, 2007, press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
Statements contained or incorporated by reference in this Current Report on Form 8-K which relate to other than strictly historical facts, such as statements about the Company’s plans and strategies, expectations for future financial performance, new and existing products and technologies, and markets for the Company’s products, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” and similar expressions identify forward-looking statements that speak only as of the date hereof. Investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors including, but not limited to, the Company’s continuing operating losses, uncertainty of market acceptance, reliance on third party manufacturers, accumulated deficit, future capital needs, uncertainty of capital funding, dependence on limited product line and distribution channels, competition, limited marketing and manufacturing experience, and other risks detailed in the Company’s most recent Annual Report on Form 10-KSB and other Securities and Exchange Commission filings. The Company undertakes no obligation to publicly update or revise any forward-looking statements.
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit
Number     Exhibit Description
 
99.1
Neoprobe Corporation press release dated July 12, 2007, entitled “Neoprobe and Cardinal Health Sign Term Sheet for Lymphoseek Distribution.”
 
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SIGNATURES

 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
     
 
Neoprobe Corporation
 
 
 
 
 
 
Date: July 12, 2007 By:   /s/ Brent L. Larson 
 
Brent L. Larson, Vice President, Finance and
  Chief Financial Officer 
 

 
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