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Biotech / Medical : QLT PhotoTherapeutics (QLTI)

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To: Donald Gravenor who wrote (79)2/14/1997 10:31:00 PM
From: Joe Stephenson   of 1321
 
If you are saying that the only use for Photofrin is for late stage lung cancer(paliative treatment)only, then why did the UBS Securities Report (Sept. '96) and QLT's most recent News Release (Feb. 11, '97) both state that Photofrin's use for Non Small Cell Lung Cancers is for both some early and late stage treatments.

The News Release states "They show PHOTOFRIN(R)to be promising in treating certain early and late-stage lung cancers," Dr. Levy says. Later on the Release also states "In those patients with early-stage superficial lung cancer, results from three single arm studies showed PHOTOFRIN(R)PDT to provide durable complete tumor responses while preserving normal lung tissue."

Am I missing something here, or doesn't this mean there should be a lung cancer market for Photofrin other than extending a life by a few weeks? I would appreciate your thoughts.

I still agree however, that the BPD market for AMD is potentially huge.

Also, you mentioned earlier about rumors that CIBAvision may be looking at QLT. Can you point me to any references on this one?

Thanks.
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