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Bionovo Announces Third Quarter 2009 Highlights and Financial Results
Date:11/5/2009

529) $(13,214) $(51,979) ======= ======= ======== ======== ======== Basic and diluted net loss per common share $(0.05) $(0.07) $(0.16) $(0.17) $(1.14) ====== ====== ====== ====== ====== Shares used in computing basic and diluted net loss per share 76,436 76,363 76,388 76,350 45,444 ====== ====== ====== ====== ======
                                    Bionovo, Inc.
                            (A Development Stage Company)
                             Consolidated Balance Sheets
                        (in thousands, except share amounts)

                                                  September 30,   December 31,
                                                          2009           2008
                                                          ----           ----
                                                      (unaudited)
          ASSETS
    Current assets:
      Cash and cash equivalents                          $2,252        $3,270
      Short-term investments                                 -         10,292
      Receivables                                            56           126
      Prepaid expenses and other current assets             651           805
                                                            ---           ---
        Total current assets                              2,959        14,493
    Property and equipment, net                           6,141         6,938
    Other assets and patent pending, net                  1,349         1,073
                                                          -----         -----
        Total assets                                    $10,449       $22,504
                                                        =======       =======

          LIABILITIES AND SHAREHOLDERS' EQUITY

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SOURCE Bionovo, Inc.
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