DANBURY, Conn., June 11, 2012 (GLOBE NEWSWIRE) -- Biodel Inc. (Nasdaq:BIOD) today announced that its Board of Directors has approved a reverse split of its common stock (the "Reverse Stock Split") at a ratio of one-for-four. The Company's common stock will begin trading on a split-adjusted basis when the NASDAQ Capital Market opens on June 12, 2012.