Icagen, Inc. Reports Second Quarter 2008 Financial Results

RESEARCH TRIANGLE PARK, N.C., Aug. 5, 2008 (PRIME NEWSWIRE) -- Icagen, Inc. (Nasdaq:ICGN) reported today its financial results and operational highlights for the second quarter ended June 30, 2008. For the second quarter of 2008, the Company reported revenues of $3.2 million and a net loss of $3.7 million. As of June 30, 2008, the Company's cash and cash equivalents totaled $42.6 million.

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