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Bionovo Announces 2008 Highlights and Year-End Financial Results
Date:3/12/2009

EMERYVILLE, Calif., March 12 /PRNewswire-FirstCall/ -- Bionovo, Inc. (Nasdaq: BNVI) today announced financial results for the year ended December 31, 2008.

"Scientific development, regulatory progress and growth accurately characterize Bionovo in 2008," said Isaac Cohen, O.M.D., Bionovo's chairman and chief executive officer. "We successfully laid the scientific groundwork and regulatory filings which ultimately is essential for the successful approval and marketing of several safe and efficacious drug candidates, which address significant areas of currently unmet medical need. We look forward to 2009 as a year for clinical progress and commercial partnering. This progress is reflected by the increased interest by the scientific community and is evidenced by the number of key opinion leaders, with three National Academy of Science members, who are now actively involved with the progress and development of Bionovo's drugs."

Corporate Issues

  • Bionovo made several notable additions to its Board of Directors; leading healthcare professionals with extensive experience in the development of life science companies, including:
    • George Butler, formerly of Astra Zeneca and Novartis,
    • Louis Drapeau, CEO of Insite Vision and formerly in leadership roles at Nektar Therapeutics and BioMarin, and
    • John D. Baxter. M.D., member of the National Academy of Sciences, and a founder and director of Scios/Nova, Karo-Bio A.B. (Stockholm), Calhoun Vision, and SciClone Pharmaceuticals (SCLN).

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