Regeneron Pharmaceuticals, Inc. Reports First Quarter Financial And Operating Results

TARRYTOWN, N.Y.--(BUSINESS WIRE)--May 3, 2006--Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN - News) today announced financial and operating results for the first quarter of 2006. The Company reported a net loss of $20.4 million, or $0.36 per share (basic and diluted) for the first quarter of 2006 compared with a net loss of $4.1 million, or $0.07 per share (basic and diluted) for the first quarter of 2005. Results for the first quarter of 2005 included a $25.0 million one-time, non-recurring payment from the sanofi-aventis Group in connection with an amendment to the Company's collaboration agreement with sanofi-aventis, which was recognized as other contract income.