Biodel Inc. Announces Timing of FDA Discussions on VIAject(TM) New Drug Application

DANBURY, Conn.--(BUSINESS WIRE)--Biodel Inc. (Nasdaq: BIOD - News) announced today that it will meet with officials from the U.S. Food and Drug Administration’s (FDA) Division of Metabolic and Endocrine Drug Products by the end of January 2009 to discuss the submission of a new drug application based on the results of two pivotal Phase III clinical trials of VIAject™ in patients with Type 1 and Type 2 diabetes.

Biodel is conducting a full analysis of all data from both pivotal clinical trials that will be completed prior to meeting with the FDA. After its meeting with the FDA and before the end of the first quarter of 2009, Biodel plans to announce its regulatory and development plans for VIAject™.

In the interim Biodel is currently scheduled to present at the following conferences:

Natixis Bleichroeder Hidden Gems Conference New York City October 13th

Oppenheimer Healthcare Conference New York City November 3rd

Diabetes Technologies Conference Bethesda, MD November 15th

About Biodel Inc.

Biodel Inc. is a specialty biopharmaceutical company focused on the development and commercialization of innovative treatments for endocrine disorders, such as diabetes and osteoporosis. Biodel's product candidates are developed by using VIAdel™ technology, which reformulates existing FDA-approved peptide drugs. 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. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, future clinical trial results, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The words "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The company's forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual results, performance or achievements to differ materially from those described or implied in the forward-looking statements, including, but not limited to, our ability to secure FDA approval for our product candidates under Section 505(b)(2) of the Federal Food, Drug, and Cosmetic Act; our ability to market, commercialize and achieve market acceptance for product candidates developed using our VIAdel™ technology; the progress or success of our research, development and clinical programs, the initiation and completion of our clinical trials, the timing of the interim analyses and the timing or success of our product candidates, particularly VIAject™ and VIAtab™; our ability to secure additional patents for VIAject™ and our other product candidates; our ability to protect our intellectual property and operate our business without infringing upon the intellectual property rights of others; our estimates of future performance; our ability to enter into collaboration arrangements for the commercialization of our product candidates and the success or failure of those collaborations after consummation, if consummated; the rate and degree of market acceptance and clinical utility of our products; our commercialization, marketing and manufacturing capabilities and strategy; our estimates regarding anticipated operating losses, future revenues, capital requirements and our needs for additional financing; and other factors identified in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2008. The company disclaims any obligation to update any forward-looking statements as a result of events occurring after the date of this press release.

Contact:

The Trout Group LLC

Seth D. Lewis, +1-617-583-1308

Source: Biodel Inc.

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