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Bionovo Reports Third Quarter 2008 Financial Results
Date:11/3/2008

compensation and benefits 870,435 462,485

Current portion of lease obligation 793,242 706,710

Other current liabilities 467,088 949,200

Total current liabilities 3,115,031 2,716,631

Non-current portion of lease obligation 693,519 526,346

Commitments and contingencies

Shareholders' equity:

Preferred stock, $0.0001 par value;

10,000,000 shares authorized; none issued

and outstanding - -

Common stock, $0.0001 par value,

190,000,000 shares authorized; 76,363,101

and 76,343,101 shares issued and outstanding

as of September 30, 2008 and December 31,

2007, respectively 7,636 7,634

Additional paid-in capital 58,737,205 57,660,045

Accumulated other comprehensive income (53,450) 4,480

Accumulated deficit (35,963,783) (22,749,965)

Total shareholders' equity 22,727,608 34,922,194

Total liabilities and shareholders'

equity $26,536,158 $38,165,171

* The balance sheet at December 31, 2007 has been derived from the audited

financial statements at that date but does not include all of the

information and footnotes required by accounting principles generally

accepted in the United States for complete financial statements.


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SOURCE Bionovo, Inc.
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