Scimitar Equity Research Issues Q3/05 Review of Neurobiological Technologies, Inc. BOSTON, May 11 /PRNewswire-FirstCall/ -- Scimitar Equity Research, Inc. (Scimitar) issues a review of Neurobiological Technologies, Inc. (NASDAQ: NTII), entitled, "Allocating to the Clinical Initiative". This review is available at our website: http://www.scimitarequity.com/. Scimitar Equity Research, Inc. provides sponsored equity research of the health sciences industry for the institutional and investment communities. We certify that all the views expressed in this review, accurately reflect our personal views about NTII (NASDAQ) and its or their securities. No part of our compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views contained in this review and we will not have any investment banking relationships or personal investment in any sponsored company. Investors are advised that this analysis and review is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. Scimitar was paid for preparing this review. This analysis and review does not have regard to the specific investment objectives, financial situation and the information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Any opinions expressed are statements of our own judgment as of the date of publication and are subject to change without notice. Please read all our important disclosures. CONTACT: Scimitar Equity Research, Inc. Henry W. McCusker Director of Research phone: (617) 236-6396 fax: (617) 236-6397 e-mail: DATASOURCE: Scimitar Equity Research, Inc. CONTACT: Henry W. McCusker, Director of Research of Scimitar Equity Research, Inc., +1-617-236-6396, Web site: http://www.scimitarequity.com/

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