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Nile Therapeutics Reports 2009 First Quarter Financial Results
Date:5/14/2009

undue reliance on Nile's forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements Nile makes. Various important factors that could cause actual results or events to differ materially from the forward-looking statements that Nile makes include Nile's need to raise additional capital to fund its product development programs to completion, Nile's reliance on third-party researchers to develop its product candidates, and its lack of experience in developing and commercializing pharmaceutical products. Additional risks are described in greater detail in the reports Nile files with Securities and Exchange Commission, including those described under the caption "Risk Factors" in Item 1A of its Annual Report on Form 10-K for the year ended December 31, 2008 filed with the Securities and Exchange Commission on March 12, 2009 and amended on April 23, 2009. 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.

                                Three Months Ended     Three Months Ended
                                  March 31, 2009         March 31, 2008
                                ------------------     ------------------
    Grant income                   $             -        $             -
                                    --------------        ---------------
    Operating expenses:
     Research and development            1,324,603              1,978,184
     General and administrative            462,468              1,198,339
                                    --------------        ---------------
     Total operating expenses            1,787,071              3,176,523
                                    --------------        ---------------
     Loss
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SOURCE Nile Therapeutics, Inc.
Copyright©2009 PR Newswire.
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