EXHIBIT 5.1
FREDRIKSON & BYRON, P.A.
200 South Sixth Street, Suite 4000
Minneapolis, Minnesota 55402
Telephone: (612) 347-7000
Facsimile: (612) 347-7077
March 23, 2005
SurModics, Inc.
9924 West 74th Street
Eden Prairie, MN 55344
Re: Registration Statement on Form S-8
Ladies/Gentlemen:
We are acting as corporate counsel to SurModics, Inc. (the Company) in connection with the original registration by the Company on Form S-8 (the Registration Statement) under the Securities Act of 1933, as amended (the Act), of options and 1,800,000 shares (the Shares) of Common Stock issuable pursuant to the Companys 2003 Equity Incentive Plan (the Plan).
In acting as such counsel and for the purpose of rendering this opinion, we have reviewed copies of the following, as presented to us by the Company:
| 1. | The Companys Restated Articles of Incorporation, as amended. | |||
| 2. | The Companys Bylaws, as amended. | |||
| 3. | Certain corporate resolutions adopted by the Board of Directors and shareholders of the Company pertaining to the adoption and approval of the Plan and the increase in the number of shares reserved for issuance thereunder. | |||
| 4. | The Plan. | |||
| 5. | The Registration Statement. | |||
Based on, and subject to, the foregoing and upon representations and information provided by the Company or its officers or directors, it is our opinion as of this date that:
| 1. | The Shares are validly authorized by the Companys Restated Articles of Incorporation, as amended. | |||
| 2. | Upon issuance and delivery of the Shares against receipt by the Company of the consideration for the Shares pursuant to the terms of the Plan, the Shares will be validly issued, fully paid and nonassessable. | |||
We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement.
Very truly yours,
FREDRIKSON & BYRON, P.A.
By /s/ David C. Grorud