A broad-based investor syndicate comprised of both new investors and existing shareholders of both companies has committed to invest approximately USD 22m in
QLT and to vote in favor of the proposed transaction.
If approved, the share reorganisation is expected to permit
QLT to distribute common shares of Aralez Pharmaceuticals Inc.
Stepping down was not a hard decision, says Levy, who co-founded Quadra Logic Technologies, now
QLT Inc., back in 1981.
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InSite also said that it has terminated its previously announced second amended and resaid merger agreement with
QLT Inc.
Currently, Meckler serves as director of
QLT, an ultra-orphan opthalmic biotechnology company, as well as managing director of The Andra Group, a life sciences firm.
Take, for instance, Ballard Power's continued leadership in fuel cell technology or
QLT Inc.'s dominance in photodynamic therapy.
Once the deal is completed, each outstanding stock of Aegerion common share will be exchanged for 1.0256 stock of
QLT common share.
-INSITE VISION MULLS OFFER DEEMED SUPERIOR TO
QLT DEAL
M2 PHARMA-September 23, 2014-Auxilium chooses
QLT over Endo
Vancouver's biotechnology champion, Julia Levy of
QLT Inc., has been named an officer of the Order of Canada.
In connection with the Special Distribution, on February 5, 2016,
QLT acquired the Aralez Shares and
QLT shareholders were given the opportunity to elect to receive cash in lieu of their pro rata entitlement to Aralez Shares, up to a maximum aggregate amount of US$15 million, subject to proration.
