RESEARCH TRIANGLE PARK, N.C., Aug. 31, 2009 (GLOBE NEWSWIRE) -- Icagen, Inc. (Nasdaq:ICGN) today announced that executive management will participate in two upcoming healthcare conferences as follows:
* Rodman & Renshaw 11th Annual Healthcare Conference. Executive management will present at the Rodman & Renshaw 11th Annual Healthcare Conference, to be held on September 9-11, 2009 at the New York Palace Hotel in New York. Management is scheduled to present an overview of the company and research and development programs on September 9, 2009 at 4:55 p.m. Eastern Time. To listen to the audio web cast of the presentation during or after the event, please visit: www.icagen.com. An archive of the presentation will be available for replay for at least 30 days. * Thomas Weisel Partners Experts in Growth Annual Healthcare Conference 2009. Executive Management will present at the Thomas Weisel Partners Experts in Growth Annual Healthcare Conference 2009, to be held September 9-11, 2009 at the Four Seasons Hotel in Boston. Management is scheduled to present an overview of the company and research and development programs on September 10, 2009 at 1:30 p.m. Eastern Time. To listen to the audio web cast of the presentation during or after the event, please visit: www.icagen.com. An archive of the presentation will be available for replay for 30 days.
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 is conducting research and development activities in a number of disease areas, including epilepsy, pain and inflammation. The Company has clinical stage programs in epilepsy and asthma.
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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 "Risk Factors" in the Company's most recent Quarterly Report on Form 10-Q, filed with the SEC on August 7, 2009. These risk factors include risks as to the Company's history of net losses and how long the Company will be able to operate on its existing capital resources; the Company's ability to raise additional funding; general economic and financial market conditions; the Company's ability to maintain compliance with NASDAQ's continued listing requirements; whether the Company's product candidates 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 product candidates, including ICA-105665 and the Company's other lead compounds for epilepsy and neuropathic pain and senicapoc for asthma, will receive approval from the U.S. Food and Drug Administration or equivalent regulatory agencies, and for which indications, and if such product candidates receive approval, whether such products will be successfully marketed; 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.