Icagen Edges up on Q2 News
Share prices for Icagen Inc. (NASDAQ: ICGN) edged up 3.28 percent today to $1.89 a share, thanks largely to the company's recent second quarter financial results. According to a statement the company released earlier this morning, the company reported revenues of $3.4 million for the second quarter of 2007, an increase of $800,000, or 28 percent, which the company attributed to "increased recognition of license revenue." Operating expenses for the second quarter were $10.3 million, a $900,000 boost over the previous year's recorded expenses of $9.4 million. The company's revenue for the first six months were also up, up to…