QLTI Jumps On Settlement - sourced PicksThatMove.com

QLT Inc., Repros Therapeutics Inc.

Calgary, AB 11/25/2009 07:58 PM GMT (TransWorldNews)

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QLTI Jumps On Settlement

The hot stock information of the day includes: RPRX, QLTI

QLT Inc. (USA) (NASDAQ:QLTI) rose 15.97% up to $4.37 on news QLT has settled a lawsuit brought by Massachusetts General Hospital. QLT will pay $20 million to the Massachusetts General Hospital which has agreed to drop their lawsuit against QLT. QLT developed Visudyne, which treats age-related vision conditions, in cooperation with Massachusetts General and the Massachusetts Eye and Ear Infirmary. Massachusetts General launched its suit in February on grounds that it was entitled to higher revenues from Visudyne sales. Headquartered in Vancouver, Canada, QLT Inc is a biopharmaceutical company which discovers, develops, and commercializes pharmaceutical products, primarily for ophthalmology and eye care. The company’s Visudyne photosensitizer treats eye disease, known as age related macular degeneration; and severe near-sightedness, and presumed ocular histoplasmosis or other eye diseases.

Repros Therapeutics Inc. (NASDAQ:RPRX) gained 16.90% up to $0.822 on no news with 1,048,129 shares moving this afternoon. Based in The Woodlands, Texas, Repros Therapeutics is a development-stage biopharmaceutical company developing drug therapies for the treatment of serious female pelvic conditions, such as treatment of uterine fibroids, anaemia associated with excessive menstrual bleeding relating to uterine fibroids, and anaemia associated with uterine fibroids and endometriosis. Repros Therapeutics has three late stage drug candidates in trials.

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