Icagen, Inc. Reports Second Quarter 2011 Financial Results and Operational Highlights

RESEARCH TRIANGLE PARK, N.C., Aug. 10, 2011 (GLOBE NEWSWIRE) -- Icagen, Inc. (Nasdaq:ICGN) reported today its financial results and operational highlights for the second quarter ended June 30, 2011. For the second quarter of 2011, the Company reported revenues of $1.0 million and a net loss of $2.5 million. As of June 30, 2011, the Company's cash and cash equivalents totaled $13.9 million.

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