RESEARCH TRIANGLE PARK, N.C., May 18 /PRNewswire-FirstCall/ -- Icagen, Inc. today announced that Richard D. Katz, M.D., Chief Financial Officer, will present at the Annual UBS Global Pharmaceuticals Conference at the Grand Hyatt Hotel in New York City on Monday, May 23rd at 9:30 a.m. ET.
About Icagen
Icagen, Inc. is a biopharmaceutical company based in Research Triangle Park, North Carolina, focused on the discovery, development and commercialization of novel orally-administered small molecule drugs that modulate ion channel targets. Utilizing its proprietary know-how and integrated scientific and drug development capabilities, Icagen has identified multiple drug candidates that modulate ion channels. The Company’s four most advanced programs are:
-- ICA-17043 for sickle cell disease, for which the Company is conducting a pivotal Phase III clinical trial; -- a compound for atrial fibrillation, which is being developed by the Company’s collaborator Bristol-Myers Squibb Company and is in Phase I clinical trials; -- lead compounds for epilepsy and neuropathic pain, for which the Company is conducting preclinical studies; and -- a compound for dementia, including Alzheimer’s disease, which is being developed by the Company’s collaborator Astellas Pharma, Inc., formerly Yamanouchi Pharmaceutical Co., Ltd., and is undergoing advanced preclinical testing.
Icagen is also conducting ongoing drug discovery programs focused on new therapeutics for pain disorders, inflammatory disorders and glaucoma.
Forward Looking Statements
This press release contains forward-looking statements that involve a number of risks and uncertainties. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward- looking statements. Without limiting the foregoing, the words “believes,” “anticipates,” “plans,” “expects,” “intends,” and similar expressions are intended to identify forward-looking statements. Important factors that could cause actual results to differ materially from the expectations described in these forward-looking statements are set forth under the caption “Certain Factors That May Affect Future Results” in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2005, which is on file with the Securities and Exchange Commission. These risk factors include risks as to whether the Company’s products will advance in the clinical trials process, the timing of such clinical trials, whether the results obtained in preliminary studies will be indicative of results obtained in clinical trials, whether the clinical trial results will warrant continued product development, whether and when, if at all, the Company’s products, including ICA-17043, will receive approval from the U.S. Food and Drug Administration or equivalent regulatory agencies, and for which indications, and if such products receive approval, whether they will be successfully marketed; the Company’s history of net losses and how long the Company will be able to operate on its existing capital resources; and the Company’s dependence on third parties, including manufacturers, suppliers and collaborators. We disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
Icagen, Inc.
CONTACT: Richard D. Katz, M.D., SVP, Finance and Corporate Development;Chief Financial Officer of Icagen, Inc., +1-919-941-5206, rkatz@icagen.com; orThomas Smith of Ogilvy PR Worldwide, +1-212-880-5269,thomas.smith@ogilvypr.com