RESEARCH TRIANGLE PARK, N.C., Nov. 6, 2008 (GLOBE NEWSWIRE) -- Icagen, Inc. (NasdaqGM:ICGN - News) reported today its financial results and operational highlights for the third quarter ended September 30, 2008. For the third quarter of 2008, the Company reported revenues of $3.1 million and a net loss of $3.6 million. As of September 30, 2008, the Company's cash and cash equivalents totaled $38.7 million.