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Date:5/12/2010

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QLT INC. 161

Business Overview 162

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Visudyne 162

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REGENERON 165

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VEGF-Trap Eye 165

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Business Overview 166

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Prednisporin 166

FOV2302 166

Corporate Strategy 167

SANTEN SEIYAKU 167

Business Overview 167

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Hyalein 168

Cravit/Oftaquix 168

Corporate Strategy 168

SANWA KAGAKU KENKYUSHO CO., LTD 168

Business Overview 168

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Corporate Strategy 169

SIRION THERAPEUTICS 169


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