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Biodel to Raise $30 Million Through Registered Direct Offering
Date:5/13/2011

xpire on the date that is five years after the original issuance date.

Biodel has filed a registration statement (including a prospectus) with the SEC for the securities offering described in this communication.  Before you invest, you should read the prospectus in that registration statement and other documents Biodel has filed with the SEC for more complete information about Biodel and this offering.  You may obtain these documents free of charge by visiting EDGAR on the SEC's website at www.sec.gov.  Alternatively, copies of the prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained by contacting William Blair & Company, L.L.C., 222 West Adams Street, Chicago, IL 60606, attention: Equity Capital Markets, telephone 312-236-1600, or JMP Securities LLC, 600 Montgomery Street, Suite 1100, San Francisco, CA 94111, attention: Equity Capital Markets, telephone 415-835-8900.

About Biodel Inc.

Biodel Inc. is a specialty biopharmaceutical company focused on the development and commercialization of innovative treatments for diabetes that may be safer, more effective and more convenient for patients.  Biodel develops its product candidates by applying its proprietary formulation technologies to existing drugs in order to improve their therapeutic profiles.

Safe-Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning the Company's expectations related to the closing of the offering. Forward-looking statements represent our management's judgment regarding future events.  The Company's forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which are beyond its control, including risks related to closing of the contemplated offering, that could cause actual results, perf
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SOURCE Biodel Inc.
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