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Biodel Inc. Reports Fourth Quarter and Fiscal Year 2007 Financial Results
Date:12/11/2007

Series B convertible preferred stock, 6,500,000 shares

authorized, 6,198,179 and 0 shares issued and

outstanding, respectively, with a

liquidation preference of $24,421 62 -

Common stock, $.01 par value; 100,000,000 shares

authorized; 5,360,430 and 20,160,836 issued

outstanding, respectively 54 202

Additional paid-in capital 29,054 116,854

Deficit accumulated during the development stage (12,828) (39,833)

Total stockholders' equity 16,348 77,223

Total liabilities and stockholders' equity $18,659 $82,506

Biodel Inc.

(A Development Stage Company)

Statements of Operations

(in thousands, except share and per share amounts)

December 3,

2003

(inception)

to

September

30,

2005 2006 2007 2007

Revenue $ - $ - $ - $ -

Operating expenses:

Research and development 2,666 5,987 15,939 25,172

General and administrative 724 1,548 8,386 10,851

Total operating expenses 3,390 7,535 24,325 36,023

Other (income) and expense:

Interest and other income (9) (182) (1,902) (2,093)

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SOURCE Biodel Inc.
Copyright©2007 PR Newswire.
All rights reserved

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