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Nile Therapeutics Reports 2012 First Quarter Financial Results
Date:5/15/2012

eliance 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 immediate need to raise additional capital to fund its general corporate activities and its need to raise substantial additional capital to fund its planned Phase 2 study of cenderitide and to otherwise 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, 2011 filed with the Securities and Exchange Commission on April 2, 2012. 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 OperationsThree months ended March 31,20122011Income:Collaboration income$
95,500$
-Operating expenses:Research and development465,353622,332General and administrative500,020575,278Total operating expenses965,3731,197,610Loss from operations(769,873)(1,197,610)Other income (expense):Interest income2441,986Other income (expense)(2,250)(168)Total other income (expense) (2,006)1,818Net loss$
(771,879)$
(1,195,792)Basic and diluted loss per share$
(0.02)$
(0.03)Weighted-average common shares outstanding39,712,23134,673,475Summary Balance Sheet(in thousands)March 31,  2012December 31, 2011Cash and cash equivalents $
436$   1,039Work
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SOURCE Nile Therapeutics, Inc.
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