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Robert Farrell Joins Bionovo's Board of Directors
Date:1/5/2012

EMERYVILLE, Calif., Jan. 5, 2012 /PRNewswire/ -- Bionovo Inc. (NASDAQ: BNVI) announced today the appointment of Robert E. Farrell, J.D., to the Company's Board of Directors.  Mr. Farrell will also serve as an independent director and member of the Company's Audit and Compensation committees. Mr. Farrell has more than 20 years of financial management experience in the pharmaceutical and biotech industries.

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"We are very excited to add Mr. Farrell to our Board of Directors," stated Isaac Cohen, O.M.D., Bionovo's Chairman and Chief Executive Officer. "Bob has extensive experience with public markets, financial regulatory issues and with the structuring of corporate partnerships in the pharmaceutical and life science industries.  We believe Mr. Farrell's background in these areas will prove valuable to Bionovo's current efforts, and we are quite excited to have access to his expertise."

From 1996-2009, Mr. Farrell held the positions of Executive Vice President and CFO of Titan Pharmaceuticals, Inc. and was appointed President and CEO of Titan in December 2008, a position that he held through 2009.  Prior to Titan Pharmaceuticals, from 1991-1996, Mr. Farrell served as Corporate Group Vice President and CFO of Fresenius USA, a pharmaceutical manufacturing and medical device company focused on the treatment of end-stage renal disease.

Mr. Farrell holds an undergraduate degree from the University of Notre Dame and received his J.D. degree from the University of California.

"I believe that Menerba, and Bionovo's pipeline of other drugs and innovative technologies, will provide safer treatments for unmet needs in the areas of women's health and cancer. I look forward to working with the Company as it advances
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SOURCE Bionovo, Inc.
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