QLT settles MGH litigation
November 25, 2009 by leonardzehr · Leave a Comment
QLT (TSX: QLT; NASDAQ: QLTI) has settled its dispute with Massachusetts General Hospital over Visudyne royalties. Under the litigation settlement, QLT will pay MGH $20-million (U.S.) for all past and future royalty obligations under a license agreement between the two parties, in exchange for the dismissal of MGH’s lawsuit against QLT, pending court approval. Under [...]
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