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Bionovo Announces Reverse Stock Split
Date:8/30/2010

the reverse split, the number of issued and outstanding common shares of common stock will be approximately 21.8 million, subject to adjustment for fractional shares. The reverse stock split will not affect any shareholder's ownership percentage of Bionovo's common stock, except to the limited extent that the reverse split would result in any fractional shares being rounded up.

It is expected that NASDAQ will append a "D" to the company's ticker symbol to indicate the completion of the reverse split and that after a 20 trading-day period following effectiveness of the reverse split, the ticker symbol will revert to "BNVI". In addition, the common stock will also trade under a new CUSIP number effective August 31, 2010.

Additional information can be found in the company's definitive proxy statement filed with the Securities and Exchange Commission on April 9, 2010.

About Bionovo, Inc.

Bionovo is a pharmaceutical company focused on the discovery and development of safe and effective treatments for women's health and cancer, markets with significant unmet needs and billions in potential annual revenue. The company applies its expertise in the biology of menopause and cancer to design new drugs derived from botanical sources which have novel mechanisms of action. Based on the results of early and mid-stage clinical trials, Bionovo believes they have discovered new classes of drug candidates within their rich pipeline with the potential to be leaders in their markets. Bionovo is headquartered in Emeryville, California and is traded on the NASDAQ Capital Market under the symbol, "BNVI". For more information about Bionovo and its programs, visit http://www.bionovo.com.

Forward Looking Statements

This release contains certain forward-looking statements relating to the business of Bionovo, Inc. that can be identified by the use of forward-looking terminology such as "believes," "exp
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SOURCE Bionovo, Inc.
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