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QLT Announces Appeal Court Decision on Massachusetts Eye and Ear Infirmary Litigation
Date:1/12/2009

ed on the amounts QLT must pay to MEEI, a claim that QLT is disputing but that has not been resolved. Massachusetts General Hospital may commence litigation against QLT at any time.

As of September 30 2008, QLT had cash, short term investments and restricted cash totaling US$279.9 million. That amount included restricted cash of approximately US$124.0 million that is being used as security for the appeal bond that was posted in connection with the appeal in the MEEI litigation decided by the Court of Appeals. Subject to further review, QLT expects that the current amount of the damages award will initially be paid out to MEEI from QLT's restricted cash used to secure the appeal bond. Amounts owing under the District Court decision by QLT to MEEI on future quarterly sales of Visudyne will be recorded and paid as they are due.

As a result of the Court's decision today QLT will be mailing to shareholders on or about Friday January 16, 2009 a notice prescribed by Canadian securities laws describing this change in the Company's affairs and extending the expiry date of the Company's modified "Dutch Auction" tender offer.

About QLT

QLT Inc. is a global biopharmaceutical company dedicated to the discovery, development and commercialization of innovative therapies. Our research and development efforts are focused on pharmaceutical products in the field of ophthalmology. In addition, we utilize three unique technology platforms, photodynamic therapy, Atrigel(R) and punctal plugs with drugs, to create products such as Visudyne(R) and Eligard(R) and future product opportunities. For more information, visit our web site at www.qltinc.com.

    QLT Plug Delivery, Inc. is a wholly-owned subsidiary of QLT Inc.
    Atrigel is a registered trademark of QLT USA, Inc. Visudyne is a
    registered trademark of Novartis AG.
    Eligard is a registered tradem
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SOURCE QLT Inc.
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