Icagen, Inc. Reports First Quarter 2006 Financial Results

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--May 9, 2006--Icagen, Inc. (NASDAQ: ICGN - News) reported today its financial results for the first quarter ended March 31, 2006. Revenues for the first quarter of 2006 totaled $1.9 million. Net loss for the first quarter of 2006 was $6.7 million. As of March 31, 2006, cash and cash equivalents totaled $41.3 million.

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