Date:11/12/2010

nes, expected patient enrollment, anticipated benefits of CD-NP, Nile's strategy, future operations, outlook, milestones, the timing and success of Nile's product development, future financial position, future financial results, plans and objectives of management are forward-looking statements. Nile may not actually achieve these plans, intentions or expectations and Nile cautions investors not to place undue reliance on Nile's forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements Nile makes. Various important factors that could 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, 2009 filed with the Securities and Exchange Commission on March 3, 2010. 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.Condensed Statement of Operations(unaudited)Three months ended September 30,Nine months ended September 30,Period fromAugust 1, 2005 (inception)2010200920102009through September 30, 2010Grant income$
-$
-$
-$
-$
482,235Operating expenses:Research and development1,148,6411,149,2323,517,8223,577,26425,295,877General and administrative664,095869,1431,732,7452,729,30013,729,507Total operating expenses1,812,7362,018,3755,250,5676,306
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SOURCE Nile Therapeutics, Inc. Copyright©2010 PR Newswire. All rights reserved

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