Navigation Links
Bionovo Announces Decision to Explore Strategic Options and to Delay Announcement of Financial Results for 2011
Date:2/21/2012

EMERYVILLE, Calif., Feb. 21, 2012 /PRNewswire/ -- Bionovo, Inc. (OTC Link Platform:  BNVI.PK), a pharmaceutical company focused on the discovery and development of safe and effective treatments for women's health and cancer, today announced its decision to explore strategic options.  As a result of this decision, the Company has decided to delay the announcement of its financial results for the year ended December 31, 2011, previously planned for today, to a later date.  The Company will provide an update for the release of its 2011 financial results within the next two weeks.

(Logo: http://photos.prnewswire.com/prnh/20111110/SF04662LOGO)

"We believe Menerba, our drug for the treatment of menopausal hot flashes currently in a Phase 3 trial, is a very valuable asset and we are focusing all of our efforts to complete that clinical trial," said Isaac Cohen, O.M.D., Bionovo's Chairman and Chief Executive Officer. "We are pursuing financial options to fund completion of the pivotal trial, but the outcome of those efforts cannot be assured.  We have therefore decided to explore in parallel, strategic options that may provide more value to our shareholders and ensure the continued development of Bionovo's products."

The Company has engaged Cowen and Company to assist Bionovo to explore its strategic options.

The Company will need to obtain substantial amounts of cash to achieve its objectives of internally developing drugs.  The Company does not currently have adequate internal liquidity to meet its cash needs in the near term including completion of the ongoing Phase 3 trial for Menerba.  If sufficient additional funds are not received in the near term, the Company may not be able to execute its business plan and may need to significantly curtail or cease operations.

About Bionovo, Inc.'/>"/>

SOURCE Bionovo, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Bionovo to Host Conference Call to Discuss 2011 Highlights and Year-End Financial Results
2. Bionovo Announces Third Quarter 2011 Highlights and Financial Results
3. Bionovo Initiates Menerba (MF101) Phase 3 Clinical Trial for Menopausal Hot Flashes
4. Bionovo to Present Tissue Selective Estrogen Receptor Modulators for Obesity at the 22nd Annual Meeting of the North American Menopause Society
5. Bionovo Announces an Additional 180 Day Period to Regain Compliance With Nasdaqs Bid Price Rule
6. CORRECTED: Bionovo Announces Second Quarter 2011 Highlights and Financial Results
7. Bionovo Announces Second Quarter 2011 Highlights and Financial Results
8. Bionovo to Present the Clinical Promise of Menerba (MF101) for Postmenopausal Vasomotor Symptoms at World Congress on Menopause
9. Bionovo to Announce First Quarter Financial Results on Wednesday, May 11, 2011
10. Bionovo Announces Enrollment Started in the Menerba (MF101) Phase 1 "Tolerability" Clinical Trial for Menopausal Hot Flushes
11. Bionovo Announces 2010 Highlights and Year-End Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/22/2014)... 22, 2014  Mark Farrah Associates (MFA), ... summary of the 2015 marketplace exchange projections and ... According to a recent ASPE (Office ... Department of Health and Human Services) report, an ... medical plans through the Marketplace as of October ...
(Date:12/19/2014)... , Dec. 19, 2014  In the Friday, December 19 ... 16-page supplement dedicated to Healthcare Information Technology (HIT) features Konica Minolta, ... Healthcare IT in partnership with several leading healthcare organizations. ... across several major metropolitan markets, such as New York ... / Baltimore , Minneapolis ...
(Date:12/19/2014)... 19, 2014 Breckenridge Pharmaceutical, Inc. announced today ... MSN Laboratories Pvt. Ltd. ( Hyderabad, India ... several new ANDAs.  Under the terms of the agreement, ... to Breckenridge for the U.S. market, and Breckenridge will ... and MSN have agreed to develop an oral antibiotic ...
Breaking Medicine Technology:Insights into the Marketplace and Individual Market Growth 2USA Today Supplement Featuring Konica Minolta Focuses on Impact of Healthcare IT 2Breckenridge Pharmaceutical signs Multi-Product Generic Agreement with MSN Laboratories Pvt. Ltd. 2
... July 12, 2011 The TandemHeart circulatory support system ... the Medicare Administrative Contractor (MAC) serving over 1.3 million ... region of the United States. "We are ... coverage of the TandemHeart system," said  Kraig McEwen, President ...
... In Knowledge ( www.projectsinknowledge.com ), the leading developer of ... has just launched its newest free electronic medical textbook ... as a free iPhone/iPad app. This point-of-care ... (MRI) and other imaging modalities used to diagnose and ...
Cached Medicine Technology:TandemHeart Approved for Expanded Reimbursement 2MedImage Cases™: A New Medical e-Textbook from Projects In Knowledge® 2MedImage Cases™: A New Medical e-Textbook from Projects In Knowledge® 3
(Date:12/22/2014)... NC (PRWEB) December 22, 2014 ... the current Ebola virus epidemic are receiving ... U.S. government agencies, nongovernmental organizations (NGOs) and ... remains ongoing, healthcare workers, emergency responders, patients ... technologies such as the CmTP MediDefense ...
(Date:12/22/2014)... The Bob Woodruff Foundation will ... more than $5 million in programs and organizations ... families. , This includes $1.3 million in grants ... with: veteran entrepreneurship; community impact; vocational training; transportation; ... injured veterans. , “The needs of those injured ...
(Date:12/22/2014)... December 22, 2014 Give a loved ... the gift of health and vitality. , For a ... three top-selling anti-aging formulas in special Holiday Wellness gift ... delivery. , Each bottle contains cutting-edge, proven nutritional ... don't work as well as we age. ...
(Date:12/22/2014)... Xarelto Lawsuit News : Alonso Krangle ... granted a request to centralize pending and subsequent ... District of Louisiana. The U.S. Judicial Panel On Multidistrict ... transfer over 50 Xarelto cases–21 lawsuits and 30 potential ... for consolidation under U.S. District Judge Eldon E. Fallon. ...
(Date:12/22/2014)... 2014 Christmas is days away, and last ... and easy solution that will please: the Sublime Gift ... from from $25 up to $350," says Kathy Heshelow, founder ... and a wide array of skin care products and Skin ... expiration dates. , Gift delivery past shipping deadlines, or ...
Breaking Medicine News(10 mins):Health News:Novel Biostatic Antimicrobial Technology From Clearstream-mPact Technology Partnership (CmTP) Offers Effective Protection Against Transmission of Ebola Virus 2Health News:Novel Biostatic Antimicrobial Technology From Clearstream-mPact Technology Partnership (CmTP) Offers Effective Protection Against Transmission of Ebola Virus 3Health News:Novel Biostatic Antimicrobial Technology From Clearstream-mPact Technology Partnership (CmTP) Offers Effective Protection Against Transmission of Ebola Virus 4Health News:Novel Biostatic Antimicrobial Technology From Clearstream-mPact Technology Partnership (CmTP) Offers Effective Protection Against Transmission of Ebola Virus 5Health News:Bob Woodruff Foundation Poised to Reach More Vets Thanks to Banner Year 2Health News:Bob Woodruff Foundation Poised to Reach More Vets Thanks to Banner Year 3Health News:Bob Woodruff Foundation Poised to Reach More Vets Thanks to Banner Year 4Health News:Bob Woodruff Foundation Poised to Reach More Vets Thanks to Banner Year 5Health News:Bob Woodruff Foundation Poised to Reach More Vets Thanks to Banner Year 6Health News:Bob Woodruff Foundation Poised to Reach More Vets Thanks to Banner Year 7Health News:You Still Have Time to Give the Gift of Health and Vitality to a Mature Loved One 2Health News:Panel Orders Xarelto Lawsuits Consolidated Into Multi-District Litigation Reports Alonso Krangle LLP 2Health News:Panel Orders Xarelto Lawsuits Consolidated Into Multi-District Litigation Reports Alonso Krangle LLP 3Health News:Panel Orders Xarelto Lawsuits Consolidated Into Multi-District Litigation Reports Alonso Krangle LLP 4
... socioeconomic status and non-white race linked to worse outcomes ... and those in poorer neighborhoods are more likely to ... children or those in better-off neighborhoods, according to the ... 135 children, median age 8.4 years, who received their ...
... zero tolerance prevent more than 700 deaths a year, ... Not all laws are created equal when it comes ... researchers who analyzed the impact of underage drinking laws ... are laws targeting the purchase and possession of alcohol ...
... MSON ), a developer of minimally invasive ... for the ablation of tumors and worldwide for other ... its Ultrasonic Laboratory business for $3.5 million in cash ... and markets scientific and industrial ultrasonic equipment and recorded ...
... 7 Did you know that April 16th is National Stress Awareness ... I don,t know, but spas can help. ISPA,s research shows that ... and relieve or reduce stress. Here are some other facts on ... 1/3 of Americans are living with extreme stress and nearly half believe ...
... LNC ) today announced the introduction of a ... (LTD) insurance product. Lincoln already offers one of the most ... addition of this optional benefit -- employers now have another ... concerns as they try to return to work. (Logo: ...
... A class action complaint filed last week in ... the Sherman Antitrust Act by brand-name and generic manufacturers ... Stephen L. LaFrance Pharmacy, Inc. d/b/a SAJ Distributors and ... Pharmaceuticals Inc., Solvay Pharmaceuticals Inc., Watson Pharmaceuticals Inc., Par ...
Cached Medicine News:Health News:Heart Transplant Failures More Likely in Poor, Minority Kids 2Health News:Tough Legislation on Underage Drinking Seems to Save Lives 2Health News:Tough Legislation on Underage Drinking Seems to Save Lives 3Health News:Misonix Announces the Sale of Its Ultrasonic Laboratory Business for $3.5 Million to iSonix LLC 2Health News:Spas Add Years to Your Life 2Health News:Lincoln Financial Group Announces Family Care Reimbursement Benefit Rider on LTD Policies 2Health News:Lincoln Financial Group Announces Family Care Reimbursement Benefit Rider on LTD Policies 3Health News:Lincoln Financial Group Announces Family Care Reimbursement Benefit Rider on LTD Policies 4
... Self-contained kits provide convenience and cost control. ... care trays offer a variety of wound ... management of the tracheostomized patient. , ... and trays with disposable inner cannula for ...
Disposable tracheostomy care tray....
Disposable tracheostomy care tray....
Disposable tracheostomy care tray....
Medicine Products: