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Biodel Inc. Reports Second Quarter Fiscal Year 2008 Financial Results
Date:5/9/2008

2007 2008

(unaudited)

ASSETS

Current:

Cash and cash equivalents $80,022 $107,884

Marketable securities - 3,803

Prepaid and other assets 505 206

Total current assets 80,527 111,893

Property and equipment, net 1,717 3,357

Intellectual property, net 262 285

Total assets $82,506 $115,535

LIABILITIES AND STOCKHOLDERS' EQUITY

Current:

Accounts payable $2,187 $2,876

Accrued expenses:

Clinical trial expenses 1,164 1,560

Payroll and related 822 780

Accounting and legal fees 335 364

Severance expense - 355

Other 680 617

Taxes payable 95 170

Total current liabilities 5,283 6,722

Other long term liabilities - 141

Stockholders' equity:

Preferred stock, $0.01 par value; 50,000,000

shares authorized - -

Common stock, $0.01 par value; 100,000,000

shares authorized; 20,160,836 and 23,611,346

shares issued and outstanding, respectively 202 236

Additional paid-in capital 116,854 168,853

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SOURCE Biodel Inc.
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