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

n Form 10-Q for the quarter ended June 30, 2010.  The company disclaims any obligation to update any forward-looking statements as a result of events occurring after the date of this press release.

BIOD-G Biodel Inc.
(A Development Stage Company)Balance Sheets
(In thousands, except share and per share amounts)September 30,20092010ASSETSCurrent:Cash and cash equivalents

$

54,640$

22,922Restricted cash—150Marketable securities, available for sale—6,001Taxes receivable752116Other receivable—11Prepaid and other assets482365Total current assets55,87429,565Property and equipment, net3,6952,998Intellectual property, net5653Total assets

$

59,625$

32,616Current:Accounts payable

$

1,007$

1,989Accrued expenses:Clinical trial expenses5,6471,362Payroll and related1,117357Accounting and legal fees325300Severance183—Other643334Income taxes payable16545Total current liabilities9,0874,387Common stock warrant liability—4,169Total long term liabilities—4,169CommitmentsStockholders' equity:Preferred stock, $.01 par value; 50,000,000 shares authorized, none outstanding——Common stock, $.01 par value; 100,000,000 shares authorized; 23,803,672 and 26,399,764 issued and outstanding238264Additional paid-in capital176,764188,549Accumulated other comprehensive loss—1Deficit accumulated during the development stage(126,464)(164,754)Total stockholders' equity50,53824,060Total liabilities and stockholders' equity

$

59,625$

32,616Biodel Inc.
(A Development Stage Company)Statements of Operations
(In thousands, except share and per share amounts)December 3,2003(Inception) toYear Ended September 30,September 30,2008200920102010Revenue$
8212;$
8212;$
8212;$
8212;Operating expenses:Research and development32,55432,32526,177116,228General and administrative14,80010,99410,98047,625Total op
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SOURCE Biodel Inc.
Copyright©2010 PR Newswire.
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