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ImClone Systems to Hold Conference Call Today At 2:00 PM to Discuss Commercialization Agreement...

Business Editors and Medical/Health Writers

NEW YORK--(BW HealthWire)--Sept. 19, 2001

ImClone Systems Incorporated (Nasdaq: IMCL) will host a conference call today at 2:00 pm Eastern Standard Time to discuss its agreement with Bristol-Myers Squibb to co-develop and co-promote

IMC-C225 in the United States, Canada and Japan. The conference call may be accessed by dialing 888-469-2078 using the password "IMCL." A replay will be available immediately after the conclusion of the call and for 24 hours thereafter at 888-566-0590, password "IMCL."

ImClone Systems Incorporated is committed to advancing oncology care by developing a portfolio of targeted biologic treatments, designed to address the medical needs of patients with a variety of cancers. The Company's three programs include growth factor blockers, cancer vaccines and angiogenesis inhibitors. ImClone Systems' strategy is to become a fully integrated biopharmaceutical company, taking its development programs from the research stage to the market. ImClone Systems is headquartered in New York with manufacturing facilities in Somerville, New Jersey.

Except for the historical information contained herein, the matters discussed in this news release may include forward-looking statements. Actual results may differ materially from those predicted in such forward-looking statements due to the risks and uncertainties inherent in the Company's business, including, without limitation, risks and uncertainties in obtaining and maintaining regulatory approval, market acceptance of and continuing demand for the Company's products, the impact of competitive products and pricing, and the Company's ability to obtain additional financing to support its operations. The Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.

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