Exhibit 5.1
[OPPENHEIMER WOLFF & DONNELLY LLP LETTERHEAD]
July 17, 2007
BioSante Pharmaceuticals, Inc.
111 Barclay Boulevard
Lincolnshire, IL 60069
Re: BioSante Pharmaceuticals, Inc. Registration Statement on Form S-3
Ladies and Gentlemen:
We have acted as counsel to BioSante Pharmaceuticals, Inc., a Delaware corporation, in connection
with the registration by BioSante of the offer and resale of 3,818,749 shares of the common stock,
$0.0001 par value per share, of BioSante pursuant to BioSantes registration statement on Form S-3
filed with the Securities and Exchange Commission on the date hereof, on behalf of the certain
selling stockholders named therein. The shares consist of outstanding shares (the Issued Shares)
and shares issuable by BioSante upon the exercise of outstanding warrants (the Warrant Shares)
that were issued by BioSante in its June 2007 private placement.
In acting as counsel for BioSante and arriving at the opinions expressed below, we have examined
and relied upon originals or copies, certified or otherwise identified to our satisfaction, of such
records of BioSante, agreements and other instruments, certificates of officers and representatives
of BioSante, certificates of public officials and other documents as we have deemed necessary or
appropriate as a basis for the opinions expressed herein. In connection with our examination, we
have assumed the genuineness of all signatures, the authenticity of all documents tendered to us as
originals, the legal capacity of all natural persons and the conformity to original documents of
all documents submitted to us as certified or photostatic copies.
Based on the foregoing, and subject to the qualifications and limitations stated herein, it is our
opinion that:
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BioSante had the corporate authority to issue the Issued Shares and has corporate authority
to issue the Warrant Shares in the manner and under the terms set forth in the registration
statement. |
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The Issued Shares being registered for resale by the selling stockholders under the
registration statement have been duly authorized, validly issued, fully paid and
nonassessable. The Warrant Shares being registered for resale by the selling stockholders
under the registration statement have been duly authorized, and when issued in accordance with
the terms of the warrants and receipt by BioSante of the consideration required therein, will
be validly issued, fully paid and non-assessable. |
We express no opinion with respect to laws other than those of the federal law of the United States
of America and the Delaware General Corporation Law, and we assume no responsibility as to the
applicability thereto, or the effect thereon, of the laws of any other jurisdiction.
We hereby consent to the filing of this opinion as Exhibit 5.1 to the registration statement, to
its use as part of the registration statement, and to the use of our name under the caption Legal
Matters in the prospectus constituting a part of the registration statement.
Very truly yours,
OPPENHEIMER WOLFF & DONNELLY LLP
/s/ Oppenheimer Wolff & Donnelly LLP