NEW YORK--(BUSINESS WIRE)--April 25, 2006--ImClone Systems Incorporated (NASDAQ: IMCL - News) announced today its financial results for the quarter ended March 31, 2006. Total revenues for the first quarter of 2006 were $245.1 million as compared with $85.8 million for the first quarter of 2005. First quarter revenues this year included a “catch-up” amortization effect of approximately $112.7 million associated with the $250 million milestone payment received on March 31, 2006 from our partner, Bristol-Myers Squibb. Revenues include four principal components.
