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QLT acquires leading edge ocular drug delivery system from ForSight Labs
Date:10/8/2007

ents a $1.7 billion market.

About ForSight Labs, LLC

ForSight New Co. II is the second company to be spun out of ForSight Labs, LLC (http://www.forsightlabs.com), an ophthalmic technology incubator established in 2005 by renowned retinal surgeon, Eugene de Juan Jr., M.D. in collaboration with The Foundry (http://www.thefoundry.com). ForSight is backed by investors Morgenthaler Ventures (http://www.morgenthaler.com), Split Rock Partners (http://www.splitrock.com), and Versant Ventures (http://www.versantventures.com). ForSight Labs, LLC is a community of ophthalmic innovation focused on improving the sight, care, and quality of life of visually impaired patients by creating high-impact eye care companies. ForSight Labs is based in Menlo Park, California.

About QLT Inc.

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 fields of ophthalmology and dermatology. In addition, we utilize two unique technology platforms, photodynamic therapy and Atrigel(R), to create products such as Visudyne(R) and Eligard(R). For more information, visit our web site at http://www.qltinc.com.

Conference Call Information

QLT Inc. will hold an investor conference call to discuss the agreement with ForSight Newco II, Inc. on Tuesday, October 9 at 8:30 a.m. ET (5:30 a.m. PT). The call will be broadcast live via the Internet at http://www.qltinc.com. To participate on the call, please dial 1-800-319-4610 (North America) or 6
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SOURCE QLT Inc.
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