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John D. Baxter, M.D. Joins Bionovo's Board of Directors
Date:4/17/2008

EMERYVILLE, Calif., April 17 /PRNewswire-FirstCall/ -- Bionovo Inc. (Nasdaq: BNVI) announced today the appointment of John D. Baxter, M.D., to the company's Board of Directors. Dr. Baxter has extensive experience in academic research as well as with pharmaceutical and biotech companies, and in particular in advancing endocrine drugs.

"We are very excited to have John on board as we are advancing our clinical trial programs," said Isaac Cohen, O.M.D., Bionovo's Chairman and CEO. He added, "John is a pioneer in endocrine research as well as one of the first to bridge the academic and industrial relationship, transforming his major discoveries in science into therapies. John's work in endocrinology and his experience with Wall Street make him a perfect fit with our platform at Bionovo in women's health".

Dr. Baxter says, "I'm very impressed by the potential for Bionovo's drugs and the knowledge of their mechanisms of action. There appear to be solid studies of the molecular toxicology of the drugs, as well as promising clinical results. I believe the pipeline of Bionovo will provide new therapies for women."

Dr. Baxter and his collaborators first cloned the growth hormone gene and achieved recombinant DNA synthesis of growth hormone in bacteria which led to the development of growth hormone as a product. His work provided critical advances in recombinant technologies for gene and protein expression as well as the understanding of human growth and development. His group also first cloned bovine growth hormone gene sequences and produced bovine growth hormone that subsequently was developed as a product, that has made a difference to the dairy industry, and promises to increase the ability for food production worldwide. '/>"/>

SOURCE Bionovo Inc.
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