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Biodel Reports First Quarter Fiscal Year 2011 Financial Results
Date:2/3/2011

id formulation of glucagon for convenient rescue therapy and pump use, and a sublingual insulin formulation known as VIAtab™.  In a related action, the company has reduced certain expenses and cut staff by 25 percent in order to maintain funding for the ultra-rapid-acting prandial insulin program.

Conference Call and Webcast Information

Biodel's senior management will host a conference call on February 3, 2011, beginning at 4:30 pm Eastern Standard Time, to discuss these results and provide a company update. Live audio of the conference call will be available to investors, members of the news media and the general public by dialing 1-877-303-8028 (United States) or 1-760-536-5167 (international).  To access the call by live audio webcast, please log on to the investor section of the company's website at www.biodel.com.  An archived version of the audio webcast will be available at Biodel's website.

About Biodel Inc.

Biodel Inc. is a specialty biopharmaceutical company focused on the development and commercialization of innovative treatments for diabetes that may be safer, more effective and more convenient for patients.  We develop our product candidates by applying our proprietary formulation technologies to existing drugs in order to improve their therapeutic profiles.  For further information regarding Biodel, please visit the company's website at www.biodel.com.

Safe-Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements include statements about future activities related to the complete response letter regarding the
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SOURCE Biodel Inc.
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