Icagen, Inc. Reports First Quarter 2009 Financial Results and Operational Highlights

RESEARCH TRIANGLE PARK, N.C., May 5, 2009 (GLOBE NEWSWIRE) -- Icagen, Inc. (Nasdaq:ICGN) reported today its financial results and operational highlights for the first quarter ended March 31, 2009. For the first quarter of 2009, the Company reported revenues of $3.0 million and a net loss of $3.6 million. As of March 31, 2009, the Company’s cash and cash equivalents totaled $29.3 million.

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