December 28, 2009 (FinancialWire) — Medidata Solutions, Inc. (NASDAQ: NDSO) said that the underwriters of its secondary offering exercised in full their over-allotment option to purchase an additional 825,000 shares of Medidata’s common stock from certain selling stockholders at a public offering price of $15.00 per share, less underwriting discounts and commissions.

Citi (NYSE: C) and Credit Suisse Securities (NYSE: CS) acted as joint bookrunning managers for the offering.

The option was granted in connection with Medidata’s secondary offering on behalf of certain selling stockholders of 5,500,000 shares of its common stock, which closed on December 14, 2009. The option is expected to close on or around December 24, 2009. Medidata will not receive any of the proceeds from the sale of the additional 825,000 shares.

Medidata Solutions is a provider of hosted clinical development solutions.

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