Icagen, Inc. Reports First Quarter 2007 Financial Results

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Icagen, Inc. (NASDAQ: ICGN) reported today its financial results for the first quarter of 2007. For the first quarter of 2007, the Company reported revenues of $2.0 million and a net loss of $6.5 million. As of March 31, 2007, cash and cash equivalents totaled $40.3 million.

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