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Bionovo Reports Second Quarter 2008 Financial Results
Date:8/5/2008

ing expenses:

Research and development 2,552,644 1,979,103

General and administrative 1,808,303 864,924

Merger cost - -

Total operating expenses 4,360,947 2,844,027

Loss from operations (4,360,947) (2,840,277)

Change in fair value of warrant

liability - -

Interest income 189,555 197,975

Interest expense (35,375) (12,446)

Other income (expense) (39) -

Loss before income tax (4,206,806) (2,654,748)

Income tax provision - (1,600)

Net loss $ (4,206,806) $ (2,656,348)

Basic and diluted net loss per

common share $ (0.06) $ (0.04)

Shares used in computing basic and

diluted net loss per common share 76,344,199 65,213,935

Accumulated

from

February 1, 2002

(Date of

Six months ended Inception)

June 30, to

2008 2007 2008

Revenues $ - $ 7,500 $ 659,490

Operating expenses:

Research and development 4,940,036 4,767,771 20,732,241

General and administrative 3,630,330 1,559,845 11,082,
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SOURCE Bionovo, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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