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Published: 2006-08-11 08:12:00
Updated: 2006-08-11 08:12:00

Posted: August 11, 2006

Icagen Losses Increase, Shares Drop

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RESEARCH TRIANGLE PARK, N.C. — Icagen

(Nasdaq: ICGN), which reported a setback in the trial of its lead drug candidate earlier this week, said Thursday its losses increased in the second quarter.

Icagen shares fell 4 cents to close at 99 cents.

Icagen loss $6.3 million. Revenues were $2.6 million.

The company's stock has been pummeled this week since it announced a data monitoring committee had recommended that patients not receiving additional treatment in con junction with its sickle cell drug ICA-17043 be withdrawn from the trial.

Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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