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Biotech / Medical : QLT PhotoTherapeutics (QLTI)
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To: Edward W. Richmond who wrote (762)11/19/1999 1:39:00 PM
From: Hawkeye   of 1321
 
Fidelity Purchases QLT Phototherapeutics Incorporated Common Stock


BOSTON, Nov. 19 /CNW/ -- Fidelity Management & Research Company
(FMR) and Fidelity Management Trust Company (FMTC), 82 Devonshire Street,
Boston, Massachusetts, announced that certain open-end investment companies of
which FMR serves as investment manager and certain institutional accounts for
which FMTC serves as investment manager have in public transactions purchased
QLT Phototherapeutics Incorporated common stock.
The common stock purchased, together with previously acquired shares,
represents 12.96% of the issued shares of such class.
Fidelity fund and trust account purchases have been made for investment;
the Fidelity funds and trust accounts may, subject to market conditions, make
additional investments in or dispositions of securities of QLT
Phototherapeutics Incorporated in the future. FMR and FMTC do not, however,
intend to acquire 20% of any class of the outstanding voting or equity
securities of QLT Phototherapeutics Incorporated common stock.
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