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Biotech / Medical : QLT PhotoTherapeutics (QLTI)

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To: Cindy B. who wrote (76)2/12/1997 6:55:00 PM
From: Donald Gravenor   of 1321
 
I don't think this indication is driving this stock.
In patients with obstructing CA esophagus, the latest contraption is a metal tube which expands when placed in a stenosed esophagus (via endoscopy). It has replaced silastic tubes, which are expensive, and have a tendancy to get displaced.
If you have a superficial esophageal CA, you are the luckiest person around, as almost everyone has deep invasion. Treating the surface mucosa won't make a difference.
There is an article in today's Financial Post (Canada) which shows that the drug is now indicated for obstructed lung cancer, but again, this is a late stage, strictly palliative treatment.
I think that the retinal drugs are driving this stock higher.
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