Navigation Links
Icagen Board Beginning to Follow Xmark Direction
Date:2/2/2009

RIDGEFIELD, Conn., Feb. 2 /PRNewswire/ -- Xmark Opportunity Partners, LLC ("Xmark"), the sole member of the investment manager of Xmark Opportunity Fund, L.P. and Xmark Opportunity Fund, Ltd., has, in the past, sent letters to the Board of Directors of Icagen, Inc. (Nasdaq: ICGN) setting forth its dissatisfaction with the company's corporate governance, management and strategic direction. Xmark would like to take this opportunity to respond to the Form 8-K filed by the company on January 29, 2009.

While Xmark applauds the Compensation Committee of the Board of Directors for choosing to not pay cash bonuses to the company's executive officers for 2008, it believes that this is but a small step in the right direction. Xmark is pleased that cash bonuses for the company's executive officers for 2009 will be based, in part, on "building shareholder confidence." However, Xmark believes that there are additional steps that can be taken by the company to pare its cash-burn requirements. As Xmark has repeatedly pointed out to the company, these are challenging economic times; the Board of Directors should continue to tighten the company's economic belt for the coming years.

Xmark remains committed to monitoring its significant common stock investment in the company and remains hopeful that it can engage in productive dialogue with the company to help it maximize shareholder value by, among other things, pursuing strategic alternatives.


'/>"/>
SOURCE Xmark Opportunity Partners, LLC
Copyright©2009 PR Newswire.
All rights reserved

Page: 1

Related medicine news :

1. Xmark Sends Letters to Icagens Board of Directors: Questions Companys Leadership as Well as Motives Behind Adoption of Poison Pill
2. Pharmacy Technician Certification Board (PTCB) Unveils New Testing Features for 2009: PTCB Exam to be Offered Daily; Test Results Given to Candidates Immediately in 2009
3. MedCom USA, Inc. Announces Appointment of One New Board Member and Removal of Two Existing Board Members
4. Elite Meetings International Names New Advisory Board
5. Light Sciences Oncology Elects Former FDA Commissioner Frank Young, M.D., Ph.D., to Board of Directors
6. Shaklee Partners With U.S. Ski Team and U.S. Snowboarding in Preparation for the 2010 Games in Vancouver
7. The Advisory Board Company Schedules Third Quarter Investor Conference Call for February 9, 2009
8. Bruce E. Mosler, President and CEO of Cushman & Wakefield Elected to CASA* Board
9. Quest Diagnostics Board Authorizes $500 Million in Share Repurchases
10. Dr Nabil Dib Takes on Special Advisor Role to the Stemedica Board of Directors
11. PPGI Appoints Rick Strandlund to the Board of Directors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/23/2014)... San Diego, CA (PRWEB) September 23, 2014 ... website daily regarding all the latest information from the ... announced on September 5, that its Private Label Jalapeno ... glass and small stones. Publix Jalapeno Bagels ... in the bakery department. , Taking into consideration ...
(Date:9/23/2014)... HealthDay Reporter TUESDAY, Sept. ... low birth weights, breast milk is more likely than a ... as cytomegalovirus (CMV), a new study finds. The researchers ... all of whom weighed 3.3 pounds or less and many ... infection, to see whether breast milk or transfusions carried the ...
(Date:9/23/2014)... -- Both drinking and getting drunk at an early ... high school students, a new study suggests. The ... who drink, could help expand alcohol-prevention efforts aimed at ... them from becoming binge drinkers, the researchers suggested. , ... use and progression to first heavy use as risk ...
(Date:9/23/2014)... What information do patients need to ... (NQF) released a report ( http://bit.ly/1DwekE9 ), consumer ... ( http://bit.ly/1tX3lzA ) resulting from an in-depth look ... define affordability, and what information and changes are ... healthcare at the lowest possible cost. ...
(Date:9/23/2014)... News) -- Few children who take medication for ... the rates vary six-fold across counties in the ... alone can manage symptoms for many children with ... receive behavioral therapy (psychotherapy), the Rand Corp. researchers ... than 1,500 counties across the United States that ...
Breaking Medicine News(10 mins):Health News:Publix Private Label Jalapeno Bagels Recalled: AttorneyOne Monitors and Keeps Consumers Informed 2Health News:Breast Milk a Risk for Spreading Common Virus to Preemies, Study Finds 2Health News:Breast Milk a Risk for Spreading Common Virus to Preemies, Study Finds 3Health News:Younger Age at First Drink, Higher Odds for Problem Drinking: Study 2Health News:Younger Age at First Drink, Higher Odds for Problem Drinking: Study 3Health News:Finding Affordable Care: Asking the Right Question is Key 2Health News:Kids Taking ADHD Drugs Get Little Psychotherapy: Study 2
... genome of a novel strain of Clostridium botulinum , ... strain produces an unusual botulinum neurotoxin, known as type A5 ... following a case of wound botulism. Professor Mike ... Research (IFR) study Clostridium botulinum . Their expertise ...
... who comes to a health care centre does increase the ... a new study confirms. The study, led by Patricia ... St. Michael,s Hospital, represents a major reversal of thinking about ... intimate partner violence. Until now, the research and health ...
... ISRAEL, March 7, 2011 Elderly drivers are half as ... limited field of view, and compensate in part by driving ... the Negev (BGU) researchers. In the online edition ... reaction times and perception of pedestrians as hazards between experienced ...
... a year on remediation at hazardous waste sites, with ... Yet according to Rolf Halden, a researcher at Arizona ... of limited value. Under a new three-year, $1.15 ... assistant director at the Institute,s Swette Center for Environmental ...
... AstraZeneca HealthCare Foundation program, Connections for Cardiovascular HealthSM, today ... University of Michigan Health System to expand Project Healthy ... and is designed to reduce childhood obesity and its ... that it lowers total cholesterol and blood pressure in ...
... (HealthDay News) -- The sooner rehabilitation begins after knee ... research suggests. In the study, published March 7 ... compared more than 150 patients who began rehabilitation within ... control group of patients who began rehabilitation 48 to ...
Cached Medicine News:Health News:Genome sequencing used to assess a novel form of Clostridium botulinum 2Health News:Universal screening programs can uncover abuse, study finds 2Health News:Elderly see pedestrians half as often as younger drivers, according to Ben-Gurion U. researchers 2Health News:Monitoring waste in groundwater (without all the waste) 2
(Date:9/23/2014)...   LabStyle Innovations Corp . (OTCQB: DRIO), ... announced that it has closed a $4.2 million ... stock and warrants.  No placement agent was used ... expects to secure net proceeds of approximately $4.1 ... intends to use the net proceeds from the ...
(Date:9/23/2014)... --  MedNet Solutions , a global life sciences technology company ... that it will once again be a Silver Sponsor of ... be held this year from September 28 to October 1 ... in conjunction with representatives from many of its ... attendance, will be providing demonstrations of iMedNet EDC ...
(Date:9/23/2014)... and DUBLIN , Sept. 23, ... or the "Company"), a biotechnology company pioneering the ... diseases in emerging nations, today announced that the ... stock for DTC,s Deposit and Withdrawal at Custodian ... Service ("FAST") transfer agent as the distribution point. ...
Breaking Medicine Technology:LabStyle Innovations Closes $4.2 Million Non-Brokered Private Placement Financing 2LabStyle Innovations Closes $4.2 Million Non-Brokered Private Placement Financing 3LabStyle Innovations Closes $4.2 Million Non-Brokered Private Placement Financing 4LabStyle Innovations Closes $4.2 Million Non-Brokered Private Placement Financing 5MedNet Solutions - Proud To Sponsor The SCDM 2014 Annual Conference 2TNI BioTech, Inc. Announces Its Stock is Now DTC DWAC/FAST Eligible 2TNI BioTech, Inc. Announces Its Stock is Now DTC DWAC/FAST Eligible 3TNI BioTech, Inc. Announces Its Stock is Now DTC DWAC/FAST Eligible 4
... (Nasdaq: ONXX ) today announced that it will ... Conference on Wednesday, March 9, 2011 at 11:00 a.m. Eastern ... may access a live webcast of the presentation on our ... It is recommended that listeners log on 15 minutes early ...
... WASHINGTON, March 2, 2011 A new ad ... S.B. 2445 would raise taxes on prescription drug benefits ... to reduce health care costs for Mississippi families and ... S.B. 2445 would also put the State ...
Cached Medicine Technology:Onyx Pharmaceuticals to Present at the Cowen and Company 31st Annual Health Care Conference 2New Ad Campaign: Secret Provision Raises Taxes on Prescription Drug Benefits, Creates 'Conflict of Interest' 2
Human based material available in two levels for thecontrol of percision for up to 10 analytes...
Human based material available in two levels for the control of accuracy and precision for upto 23 analytes....
Human based assayed sera available in three levels for the control of accuracy and precision for up to 25 analytes...
Therapeutic Drug Calibrator Series...
Medicine Products: