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Nile Therapeutics Reports 2009 Second Quarter Financial Results
Date:8/13/2009

uld 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       Six months ended
                                     June 30,                  June 30,
                                 2009         2008        2009         2008

    Grant income                   $-           $-          $-           $-
                                  ---          ---         ---          ---
    Operating
     expenses:
      Research and
       development          1,103,428    2,888,654   2,428,032    4,866,838
      General and
       administrative       1,397,689      960,164   1,860,157    2,158,503
                            ---------      -------   ---------    ---------

      Total operating
       expenses             2,501,117    3,848,818   4,288,189    7,025,341
                            ---------    ---------   ---------    ---------

      Loss from
       operations          (2,501,117)  (3,848,818) (4,288,189)  (7,025,341)

    Other income (expense):
      Interest
       inc
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SOURCE  Nile Therapeutics, Inc.
Copyright©2009 PR Newswire.
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