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Biotech / Medical : QLT PhotoTherapeutics (QLTI)
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To: Ian@SI who wrote (893)4/14/2000 5:57:00 PM
From: Ian@SI  Read Replies (1) of 1321
 
More good news coming out of the EU today. Visudyne recommended for approval by their committee with the Norwegians and Icelandians nodding their heads also.

Given the market's reaction to all of this week's outstanding news, I sure hope we quit getting all this good stuff and return to anticipating what's yet to come. ;^)

Ian.

biz.yahoo.com

Friday April 14, 3:01 am Eastern Time
Company Press Release
SOURCE: CIBA Vision
CPMP Recommends Approval in Europe For Visudyne Therapy in the Treatment Of Wet AMD
QLT and CIBA Vision Advance to Final Stage of Registration Process in Europe
ATLANTA, and VANCOUVER, British Columbia, April 14 /PRNewswire/ -- CIBA Vision, the eye care unit of Novartis, and QLT PhotoTherapeutics Inc. (Nasdaq: QLTI; Toronto) announced today that The Committee for Proprietary Medicinal Products (CPMP) of the European Medicines Evaluation Agency (EMEA) has recommended the granting of a Marketing Authorisation for Visudyne(TM) (verteporfin) therapy for the treatment of wet age-related macular degeneration (AMD), the leading cause of blindness among people over the age of 50.

The committee unanimously concurred that Visudyne therapy is safe and well-tolerated, with minimal adverse events relating to treatment. The Norwegian and Icelandic CPMP members agreed with the recommendation.

The EU Commission is expected to make a final decision regarding the approval of the Visudyne application in the next several months. When approved by the EU Commission, Visudyne therapy will be available throughout the EU, and the Norwegian and Icelandic authorities will grant corresponding national authorizations.

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