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Healthcare Watch: Uroplasty Sells Overallotment Shares

July 27, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Uroplasty, Inc. (NASDAQ: UPI) said that the underwriters a recent public offering of Uroplasty common stock have exercised in full their over-allotment option to purchase an additional 600,000 shares of the company's common stock. Oppenheimer & Co. (NYSE: OPY) is the sole book-running manager.

The 4.6 million shares of Uroplasty common stock in the offering, including the 600,000 shares subject to the over-allotment option, are being sold at a price to the public of $3.50 per share.

All of the shares in the offering are being offered by Uroplasty. The offering, including the offering of the over-allotment shares, is scheduled to close on July 27.   for the offering and JMP Securities LLC is acting as co-manager for the offering.

Minnesota-based Uroplasty, with wholly-owned subsidiaries in The Netherlands and the United Kingdom, is a medical device company that develops, manufactures and markets proprietary products for the treatment of voiding dysfunctions.

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