Bionovo Selects GoIndustry DoveBid’s BioPharma Exchange Program as Its Surplus Assets Sales Channel of Choice

GoIndustry DoveBid, the global leader in surplus asset management, was selected by Bionovo, Inc. to provide a disposition channel for their surplus assets. This solution will be focused on maximizing the return on surplus asset value, while minimizing the disruption to their ongoing operations. The equipment offering will include high-end, late model analytical and biotech assets. They will be available for purchase via GoIndustry DoveBid’s BioPharma Exchange program on June 19-20, 2012 in BioPharma Exchange #349. Potential buyers can view the complete equipment list or setup a preview appointment in Hayward, CA for more information please visit us at www.go-dove.com/event-16442.

“With GoIndustry DoveBid and its BioPharma Exchange program, we now have a sales channel with a proven track record of success within the biotech and pharmaceutical sector. This allows us to focus on our core business as GoIndustry DoveBid plans and executes the end-to-end surplus asset disposition solution,” said Isaac Cohen, CEO and Chairman at Bionovo, Inc.

GoIndustry DoveBid’s BioPharma Exchange program allows buyers to acquire quality used biotech and pharmaceutical equipment from any location around the globe. Bidders can evaluate available equipment from an online platform and then purchase assets via the regularly scheduled industry marketplace auction from top global biotech and pharmaceutical companies. GoIndustry DoveBid provides buyers a safe, easy and secure purchasing experience, which includes buyer support services, logistics and multiple payment methods.

“BioPharma Exchange program which conducts weekly online auctions has allowed us to provide a safe, secure, and easy-to-use marketplace for clients to sell their surplus assets,” said Randy Small, Vice President of Operations - North America at GoIndustry DoveBid. “In addition, these online auctions provide an exciting opportunity for small and large companies that are looking for high-end and high quality biotech and analytical equipment at reasonable prices.”

Below is a partial list of equipment that will be available for purchase:

AB Sciex 4000 Q Trap Hybrid Triple Quadrupole/Linear Ion Trap LC/MS Mass Spectrometer System
AB Sciex API 4000 Triple Quadrupole LC/MS Mass Spectrometer Systems with Agilent 1200 HPLC System
AB Sciex API 5000 Triple Quadrupole LC/MS/MS with QJet Ion Guide
Cozzoli Vial Washer
Schubert MD Vial Washer
Fristam Stainless Steel Centrifugal Fluid Pumps
Watson Marlow 825RG Hygienic Fluid Pump
Watson Marlow Bredel SPX65 Hose Pump
Mobile Stainless Steel Mixing Vessel with Agitator

About GoIndustry DoveBid

GoIndustry DoveBid is the global leader in surplus asset management, providing online auction and valuation services relating to industrial equipment. Combining asset, industry and market intelligence with e-commerce technology, the company serves multi-national corporations, financial institutions, insolvency practitioners, and asset-based lenders throughout the world. For more information, please visit http://www.go-dove.com.

About Bionovo, Inc.

Bionovo, Inc. 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 OTCQB under the symbol, "BNVI". For more information about Bionovo and its programs, visit: http://www.bionovo.com.

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