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Biodel Reports Fourth Quarter and Fiscal Year 2010 Financial Results
Date:12/9/2010

stics and toleration of Linjeta™ to two modified formulations of the drug that were associated with improved injection site tolerability.  At the same conference, Biodel also reported results from the extended release insulin glargine, glucose-sensing basal insulin and stabilized glucagon development programs in which new formulations of these compounds demonstrated improved target-product profiles compared to their unmodified forms.  At this time, Biodel plans to focus its resources on developing new formulations of Linjeta™ or other proprietary rapid-acting insulin formulations, while conducting limited preclinical testing on its other product candidates.

Biodel will present a corporate update to investors in January 2011 at the 29th Annual J.P. Morgan Healthcare Conference in San Francisco.  Details regarding that presentation will be announced prior to the event.

Conference Call and Webcast Information

Biodel's senior management will host a conference call on December 9, 2010, 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  An archived version of the audio webcast will be available at Biodel's website.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
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