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Friday, 10/21/2016 10:36:45 AM

Friday, October 21, 2016 10:36:45 AM

Post# of 2118
Shareholders meeting,vote on r/s 30 to 1!!! The Definitive Proxy Statement on Schedule 14A of Biodel Inc. (“Biodel” or “Company”), filed with the Securities and Exchange Commission (the “SEC”) on September 19, 2016 (the “Proxy Statement”) stated that brokers were not expected to have discretionary authority to vote for any of the proposals to be voted on at the Company’s 2016 Annual Meeting of Stockholders to be held on October 24, 2016. The Company has since determined that brokers have discretionary authority to vote for (i) Proposal No. 2 , the proposal to approve an amendment to the Company’s amended and restated certificate of incorporation to effect a reverse stock split of the Company’s common stock in the ratio of one new share for every 30 shares outstanding and (ii) Proposal No. 5 , the proposal to consider and vote upon an adjournment of the Company’s 2016 Annual Meeting of Stockholders, if necessary, to solicit additional proxies if there are not sufficient votes in favor of any of Proposal Nos. 1 through 4 to be voted on the Company’s 2016 Annual Meeting of Stockholders. Therefore, the Company hereby amends the Proxy Statement to clarify that each of Proposal No. 2 and Proposal No. 5 is a “routine” matter and that, as such, a broker will have discretion to vote on Proposal No. 2 and on Proposal No. 5 even if the broker has received no voting instructions from its clients with respect to such proposal.