Exhibit 99.1



BIODEL REPORTS FOURTH QUARTER AND FISCAL YEAR 2015 FINANCIAL RESULTS

Company Announces Plan to Explore Strategic Alternatives

Conference Call and Audio Webcast to be Held Today, December 17, at 5:00 p.m. ET

DANBURY, Conn., December 17, 2015- Biodel Inc. (Nasdaq: BIOD) today reported financial results for the fourth fiscal quarter and year-ended September 30, 2015.  Additionally, the Company announced that its Board of Directors has approved a plan to explore strategic alternatives to further realize value from its pipeline assets and to preserve the Company’s significant cash balance.   As part of this plan, enrollment in BIOD-531 Study 3-157 is being suspended and the Company will retain an advisor to assist in this process of evaluating its strategic alternatives.

Dr. Errol De Souza, president and chief executive officer of Biodel, stated: “The impact of the delay of the timelines for filing the NDA for the Glucagon Emergency Management product candidate on our stock price has necessitated us to commence a review our strategic alternatives while at the same time extending our cash runway. While this is a difficult decision, we believe it offers the best opportunity to maximize shareholder value from our clinical assets and cash resources.  I look forward to being able to update our investors on the process in the coming months.”

Fourth Quarter Financial Results

Biodel reported a net loss of $3.2 million and $18.7 million, or $0.05 and $0.46 per share for the quarter and twelve month period ended September 30, 2015, respectively.  These results compare to a net loss of $2.3 million and $14.1 million, or $0.10 and $0.66 per share for the quarter and twelve month period ended September 30, 2015, respectively.

Biodel did not recognize any revenue during the quarter and the twelve month period ended September 30, 2015 or 2014.     

At September 30, 2015, Biodel had cash and cash equivalents of $40.8 million and 62.2 million shares of common stock outstanding.




The following information was filed by Biodel Inc (BIOD) on Thursday, December 17, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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