Discovery Laboratories Announces that Nasdaq Hearing Panel Has Granted Request for Continued Listing on The NASDAQ Capital Market(R)

WARRINGTON, Pa., Jan. 12, 2011 (GLOBE NEWSWIRE) -- Discovery Laboratories, Inc. (Nasdaq:DSCOD) announced today that, on January 11, 2011, a NASDAQ Listing Qualifications Panel (the "Panel") determined that Discovery Labs has regained compliance with Nasdaq Listing Rule 5550(a)(2) ("Minimum Bid Price Rule") because its common stock has maintained a minimum closing bid price of $1.00 per share over a period of 10 consecutive business days ending on January 10, 2011. The Panel also determined that Discovery Labs is in compliance with all other listing standards for continued listing on The NASDAQ Capital Market® ("Nasdaq Capital Market"). Accordingly, Discovery Labs' common stock will continue to be listed on the Nasdaq Capital Market.