Icagen, Inc. Reports First Quarter 2011 Financial Results And Operational Highlights

RESEARCH TRIANGLE PARK, N.C., May 4, 2011 (GLOBE NEWSWIRE) -- Icagen, Inc. (Nasdaq:ICGN) reported today its financial results and operational highlights for the first quarter ended March 31, 2011. For the first quarter of 2011, the Company reported revenues of $1.0 million and a net loss of $2.2 million. As of March 31, 2011, the Company's cash and cash equivalents totaled $11.0 million.

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