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QLT announces that it is named as a defendant in an action
Date:2/12/2009

nt. MGH seeks a declaratory judgment that QLT is obligated to pay MGH past, present, and future royalties and other compensation based on the same 3.01% of worldwide sales of Visudyne awarded to MEEI, money damages and multiple damages in an amount to be proved at trial, pre-judgment interest, costs and attorneys' fees; and any other and further relief that the court deems just and proper. QLT intends to vigorously defend against the allegations, in part because its contract with MGH specifically limits any obligation of QLT to pay a higher royalty to a circumstance in which QLT has entered into a license agreement with MEEI at a royalty rate higher than the one agreed to between QLT and MGH, and it is QLT's position that no such license agreement has been entered into.

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 website 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 trademark of Sanofi-aventis.

QLT Inc. is listed on The NASDAQ Stock Market under the trading symbol "QLTI" and on The Toronto Stock Exchange under the trading symbol "QLT."

Certain statements contained in this press release, which are not historical facts, are forward-looking statements, as the term is defined in the Private Securities Litigati
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SOURCE QLT Inc.
Copyright©2009 PR Newswire.
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