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Nile Therapeutics Reports 2011 Third Quarter Financial Results
Date:11/14/2011

escribed under the caption "Risk Factors" in Item 1A of its Annual Report on Form 10-K for the year ended December 31, 2010 filed with the Securities and Exchange Commission on March 14, 2011. Nile is providing this information as of the date of this press release and does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise.NILE THERAPEUTICS, INC.

(A DEVELOPMENT STAGE COMPANY)

CONDENSED STATEMENTS OF OPERATIONS

(unaudited)Three Months Ended September 30,Nine Months Ended September 30,2011201020112010IncomeCollaboration income$
813,000$
-$
,159,000$
-Operating expenses:Research and development1,470,0911,148,6412,795,3543,517,822General and administrative499,273664,0951,597,8551,732,745Total operating expenses1,969,3641,812,7364,393,2095,250,567Loss from operations(1,156,364)(1,812,736)(3,234,209)(5,250,567)Other income (expense):Interest income1,8805,9544,91217,526Interest expense----Other income (expense)10,411(2,711)8,901(2,793)Total other income (expense)

12,2913,24313,81314,733Net loss$
(1,144,073)$
(1,809,493)$
(3,220,396)$
(5,235,834)Basic and diluted loss per share$
(0.03)$
(0.05)$
(0.09)$
(0.17)Weighted-average common shares outstanding

39,707,76434,563,07336,526,34631,338,963NILE THERAPEUTICS, INC.

(A DEVELOPMENT STAGE COMPANY)

CONDENSED BALANCE SHEETSSeptember 30, 2011December 31, 2010(unaudited)ASSETS Current assets Cash and cash equivalents

$
2,607,336$
3,378,155Prepaid expenses and other current assets

420,653219,095Total current assets

3,027,9893,597,250 Property and equipment, net  

10,88616,765 Other noncurrent assets

51,93851,938Total assets

$
3,090,813$
3,665,953 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts  payable

$
504,333$
332,380Accrued  expenses and other current liabilities
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SOURCE Nile Therapeutics, Inc.
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