EMERYVILLE, Calif.--(BUSINESS WIRE)--June 19, 2006--BioTime, Inc. (OTCBB:BTIM - News) today announced royalty revenue to be recognized in the second quarter ended June 30, 2006. BioTime received $99,957 in royalties from Hospira based on Hextend sales during the three months ended March 31, 2006. BioTime recognizes royalty revenues during the fiscal quarter in which the payments are received rather than when the sales that generated the royalties occurred. Accordingly, this revenue will be recognized in our financial statements for the second quarter ending June 30, 2006.
