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Nile Therapeutics to Present at the Rodman & Renshaw 5th Annual Global Healthcare Conference

Wednesday, May 14, 2008 General News J E 4
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SAN FRANCISCO, May 13 Nile Therapeutics, Inc.(Nasdaq: NLTX), today announced that Peter Strumph, Chief Executive Officer ofNile, will present at the Rodman & Renshaw 5th Annual Global HealthcareConference at 10:00 a.m. CET on Tuesday, May 20th at Le Meridian Beach PlazaHotel in Monte Carlo, Monaco. Mr. Strumph will provide a company overview andupdate on the status of Nile's current clinical development programs.

The presentation will be webcast live and can be accessed by visiting theInvestor Relations section of Nile's website at http://www.nilethera.com. Thewebcast will be archived for 90 days. Additional information regarding theRodman & Renshaw Global Healthcare Conference can be accessed athttp://www.rodmanandrenshaw.com/conferences?id=18.

About Nile Therapeutics

Nile Therapeutics, Inc. is a clinical-stage biopharmaceutical company thatdevelops innovative products for the treatment of cardiovascular disease andother areas of unmet medical need. Nile is initially focusing its efforts ondeveloping its lead compound, CD-NP, a novel chimeric peptide in clinicalstudies for the treatment of heart failure, and 2NTX-99, a small molecule,pre-clinical, anti-atherothrombotic agent with nitric oxide donatingproperties. A key component of the company's strategy is to acquire the globalrights to additional compounds to expand its portfolio. More information onNile can be found at www.nilethera.com.

This press release contains forward-looking statements within the meaningof the Private Securities Litigation Reform Act of 1995 that involvesubstantial risks and uncertainties. All statements, other than statements ofhistorical facts, included in this press release regarding our strategy,future operations, outlook, milestones, the success of Nile's productdevelopment, future financial position, future financial results, plans andobjectives of management are forward-looking statements. We may not actuallyachieve these plans, intentions or expectations and Nile cautions investorsnot to place undue reliance on our forward-looking statements. Actual resultsor events could differ materially from the plans, intentions and expectationsdisclosed in the forward-looking statements we make. Various important factorsthat could cause actual results or events to differ materially from theforward-looking statements that we make are described in greater detail in thereports we file with Securities and Exchange Commission, including the "RiskFactors" section in Item 1 of the Form 10-KSB we filed with the Securities andExchange Commission on March 27, 2008. Nile is providing this information asof the date of this press release and does not undertake any obligation toupdate any forward-looking statements as a result of new information, futureevents or otherwise.

SOURCE Nile Therapeutics, Inc.
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