Uroplasty, Inc. (UPI)

[mlkrborn]

Uroplasty announces two new research and development initiatives to expand its commitment to using the co's neuromodulation technology to treat voiding dysfunctions (UPI) : "We will begin development of an implantable tibial nerve stimulator for the treatment of overactive bladder (OAB), and conduct a pilot study in the U.S. for the treatment of fecal incontinence using our Urgent PC Neuromodulation System," said David Kaysen, Chief Executive Officer and President of co. The development project, based on a patent the Company holds, of an implantable tibial nerve stimulator for the treatment of OAB is focused on securing a CE Mark for the European market. The Company expects the success of its Urgent PC Neuromodulation System, which delivers percutaneous tibial nerve stimulation (PTNS) by the temporary insertion of a needle electrode, will provide insight into the design and clinical elements of an implantable device. The implantable device will allow patients who initially respond to Urgent PC therapy administered in the doctor's office, to continue self-administering the therapy in the comfort of their homes. Beginning in the late summer of 2012, Uroplasty will conduct a pilot clinical trial in the U.S. for the treatment of fecal incontinence using its Urgent PC Neuromodulation System. Urgent PC already has a European CE Mark for the treatment of fecal incontinence and its clinical use, safety and effectiveness for treating this indication have been reported at scientific meetings and in worldwide peer-reviewed literature.