RESEARCH TRIANGLE PARK, N.C., March 11, 2009 (GLOBE NEWSWIRE) -- Icagen, Inc. (Nasdaq:ICGN) reported today its financial results and operational highlights for the fourth quarter and full year ended December 31, 2008. For the fourth quarter of 2008, the Company reported revenues of $3.0 million and a net loss of $3.9 million. For the full year 2008, the Company reported revenues of $12.3 million and a net loss of $14.8 million. As of December 31, 2008, the Company's cash and cash equivalents totaled $34.2 million.
