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Biodel Announces Retirement of Dr. Solomon Steiner as Chief Scientific Officer
Date:12/14/2010

DANBURY, Conn., Dec. 14, 2010 /PRNewswire-FirstCall/ -- Biodel Inc. (Nasdaq: BIOD) announced today the retirement of Dr. Solomon Steiner as the company's Chief Scientific Officer.  Dr. Steiner is a co-founder of Biodel and will remain a member of the company's board of directors.  He served as Biodel's chairman, president and chief executive officer from its founding in December 2003 until March 2010 when Dr. Errol De Souza was named the company's president and chief executive officer and Dr. Charles Sanders was named board chairman.  

"In 2003, I started Biodel with a vision of making a difference in patients' lives," said Dr. Steiner.  "Over the course of seven years I have had the privilege of assembling a talented scientific team and working with them to create a portfolio of product candidates which continues to grow.  I am confident that with Errol De Souza's leadership this team will be able to bring these important innovations to market for the benefit of patients everywhere.  I look forward to continuing to advise Biodel as a member of the Board of Directors."

"On behalf of the Board, we accept Sol's decision to retire with understanding and enormous gratitude," said Dr. Errol De Souza, Chief Executive Officer of Biodel.  "We are grateful to Sol for his leadership, inspiration and guidance and remain committed to his mission of developing novel drug therapies to treat diabetes and other diseases.  During his tenure, Sol has produced a broad pipeline of product candidates which have tremendous potential to improve patients' lives.  I am pleased that he will remain a member of our board of directors to help guide and build our company."

About Biodel Inc.

Biodel Inc. is a specialty biopharmaceutical company focused on the development and commercialization of innovative treatments for diabetes that
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SOURCE Biodel Inc.
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