WEST LAFAYETTE, IN--(Marketwire - August 11, 2008) - Bioanalytical Systems, Inc. (NASDAQ: BASI) today reported financial results for its third quarter and nine months of fiscal 2008, ending June 30, 2008. The Company had previously announced the June 30, 2008 sale of its clinic in Baltimore, Maryland and the resulting discontinuance of its Phase I clinical trials business.