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Bionovo Announces 2009 Highlights and Year-End Financial Results
Date:3/15/2010

inception) Three months Twelve months to ended December ended December December 31, 31, 31, 2009 2008 2009 2008 2009 ---- ---- ---- ---- ---- (in thousands, except per share data) Revenues $126 $233 $288 $233 $1,180 ---- ---- ---- ---- ------ Operating expenses: Research and development 3,006 2,534 12,499 11,416 39,706 General and administrative 943 1,245 4,053 6,097 17,602 Merger cost - - - - 1,964 -- -- -- -- ----- Total operating expenses 3,949 3,779 16,552 17,513 59,272 ----- ----- ------ ------ ------ Loss from operations (3,823) (3,546) (16,264) (17,280) (58,092) Change in fair value of warrant liability - - - - 831 Interest income 9 91 84 730 2,074 Interest expense (18) (30) (95) (129) (460) Other expense (5) - (88) (17) (153) -- --- --- --- ---- Loss before income tax (3,837) (3,485) (16,363) (16,696) (55,800) Income tax provision 1 (1) (1) (4) (14) -- -- -- -- --- Net loss $(3,836) $(3,486) $(16,364) $(16,700) $(55,
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