Icagen, Inc. Announces Effectiveness of Reverse Split

RESEARCH TRIANGLE PARK, N.C., Sept. 21, 2010 (GLOBE NEWSWIRE) -- Icagen, Inc. (Nasdaq:ICGN) today announced that its previously announced one-for-eight reverse stock split became effective as of 5:00 p.m. Eastern Time on September 21, 2010. The reverse split will be effective for trading purposes at the opening of the market on September 22, 2010. Due to the reverse split, Icagen's common stock will now trade under a new CUSIP number, 45104P 500. In addition, the common stock will temporarily trade under the symbol ICGND for 20 business days, after which time the symbol will revert to ICGN.

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