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Biodel Inc. Announces Appointment of Gerard Michel as CFO, VP of Corporate Development and Treasurer
Date:11/14/2007

DANBURY, Conn., Nov. 14 /PRNewswire-FirstCall/ -- Biodel Inc. (Nasdaq: BIOD) today announced that Gerard Michel has been appointed as the Company's Chief Financial Officer, Vice President of Corporate Development and Treasurer, effective November 20, 2007.

"We are pleased to welcome Gerard to our team," said Dr. Solomon Steiner, CEO and Chairman of Biodel. "Gerard's expertise in executing complex financial transactions and negotiating marketing partnerships and other collaboration arrangements, will be especially beneficial as we establish the commercial strategy for our lead product candidate, VIAject(TM)."

Previously, Mr. Michel served as NPS Pharmaceutical's Chief Financial Officer and Vice President of Corporate Strategy, and prior to that as Vice President of Corporate Development. At NPS, Mr. Michel closed numerous financial and strategic transactions, managed financial reporting and served as a key liaison for investors and analysts. Prior to joining NPS in July 2002, Mr. Michel served as a principal with the consulting firm of Booz-Allen & Hamilton where he worked with numerous pharmaceutical companies, biotech firms, and healthcare service firms on both strategic and operational issues. Mr. Michel received an M.S. in microbiology and an M.B.A., both from the University of Rochester.

Biodel also announced today that F. Scott Reding, the Company's current Chief Financial Officer, is resigning to pursue other interests. "We deeply regret Mr. Reding's departure," commented Dr. Steiner. "He made many important contributions to the Company, chief among which was his leadership in our highly successful Initial Public Offering. Mr. Reding played an important role in the growth of Biodel and we thank him for his efforts on behalf of the organization and wish him well in his future endeavors."

About Biodel Inc.

Biodel Inc. is a specialty biopharmaceutical company focused on the development and commercialization of innovative treat
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SOURCE Biodel Inc.
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