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Biotech / Medical : QLT PhotoTherapeutics (QLTI)

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To: Garth Richmond who wrote (364)12/23/1998 1:06:00 PM
From: Ian@SI  Read Replies (1) of 1321
 
Nice story.

The market seems to like it with a new 52 week high being set for QLT.

However, I suspect that the Phase III results from the AMD trial are being leaked and that they're very good.

For AMD, there's no alternate treatment. Most people would do anything to preserve their eyesight.

For most cancers that PDTs are applicable, there is an alternative treatment that doesn't require capital expenditures by hospitals for lasers or specially trained technicians to acquire additional skills.

Don't get me wrong. I think these cancer treatments will generate revenue. But I think once the hospitals get the lasers and the trained technicians for AMD, the cancer treatments are more likely to experience rapid growth. Until then, it's a difficult additional expenditure to justify especially when the people who approve the expense are resistant to any type of change.

IMO,
Ian.
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