QLT announces first quarter result...(Company's board of directors and ...),Health

Date:4/28/2009

Company's board of directors and audit committee, effective March 25, 2009. Her appointment brings the board membership to seven directors who will all stand for re-election at the Annual General Meeting of Shareholders on May 5, 2009. - Announced that the United States Court of Appeals for the First Circuit (the "Court of Appeals") denied our Petition for Panel Rehearing and Rehearing En Banc ("QLT Petition") of the January 12, 2009 Court of Appeals decision in our litigation with MEEI. The QLT Petition was filed on January 26, 2009. The January 12, 2009 Court of Appeals decision upheld the liability and damages aspect of the 2007 judgment of the United States District Court for the District of Massachusetts in the lawsuit brought against us by MEEI. - Announced that QLT was the defendant in a lawsuit filed by Massachusetts General Hospital (MGH) in Massachusetts state court. MGH alleges that it entered into a written agreement with QLT that requires QLT to pay MGH the same royalties that it pays MEEI on sales of Visudyne, as determined by the District Court and affirmed by the Court of Appeals. - Announced the final results of a modified Dutch Auction tender offer whereby QLT accepted for purchase and cancellation 20,000,000 of its common shares at a price of $2.50 per share, for a total cost of $50.0 million. Conference call information

QLT Inc. will hold an investor conference call to discuss first quarter 2009 results on Tuesday, April 28, 2009 at 8:30 a.m. ET (5:30 a.m. PT). The call will be broadcast live via the Internet at www.qltinc.com. To participate on the call, please dial 1-800-319-4610 (North America) or 604-638-5340 (International) before 8:30 a.m. ET. A replay of the call will
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SOURCE QLT Inc. Copyright©2009 PR Newswire. All rights reserved

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