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Urigen Pharmaceuticals, Inc.

Urigen Pharmaceuticals Announces a Partial Debt Restructuring

Published in Pharma Investments, Ventures and Law Weekly, November 15th, 2009

Urigen Pharmaceuticals, Inc. (OTCBB:URGP), a specialty pharmaceutical company focused on the development of treatments for urological disorders and pain, announced that the Company has initiated the restructuring of its debts.

"As we continue to pursue strategic alternatives, we are pleased that the majority of our unsecured note holders have converted $537,000 of their notes and $109,587 of accrued interest into common stock of the Company," said Urigen's CFO Martin E. Shmagin. "We are also pleased that our lead institutional investor, Platinum-Montaur Life Sciences LLC, has agreed to a six month extension on the maturity of our secured debt." About Urigen...

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