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Bullboard - Stock Discussion Forum QLT INC T.QLT

"QLT Inc is a biotechnology company conducts development and commercialization of ocular products that address the unmet medical needs of patients and clinicians."

TSX:QLT - Post Discussion

QLT INC > Very good news
View:
Post by TheRock07 on Feb 26, 2015 11:34am

Very good news

During 2014, the Company continued to advance development of QLT091001, its synthetic retinoid product candidate, for the treatment of certain inherited retinal diseases toward pivotal trials. Following meetings with the U.S. Food and Drug Administration ("FDA") and the European Medicines Agency ("EMA"), in 2014 the Company amended and finalized its proposed pivotal trial protocol to test the safety and efficacy of QLT091001 in subjects with Inherited Retinal Disease phenotypically diagnosed as Leber Congenital Amaurosis ("LCA") or Retinitis Pigmentosa ("RP") caused by RPE65 or LRAT gene mutations ("IRD"). At present, there is no approved therapeutic treatment option for these patients.

In an effort to accelerate the commercial availability of QLT091001 as a treatment option, the Company is currently exploring with the EMA a submission of a Marketing Authorization Application ("MAA") in 2016 for conditional approval of QLT091001 for the treatment of IRD based on the existing clinical data.  Advisory meetings with certain European regulatory authorities are scheduled for early 2015. The outcome of these meetings will determine whether the Company proceeds to submit a Marketing Authorization Application for conditional approval with the EMA and decisions concerning the timing of commencement of a pivotal trial.   Conditional approval, if granted, would be made subject to specified conditions, including among other things, that the Company complete and have favorable safety and efficacy data from additional studies, including one or more pivotal trials of QLT091001 for IRD.

 


Read more at https://www.stockhouse.com/news/press-releases/2015/02/26/qlt-announces-fourth-quarter-and-year-end-2014-results#68L0JGtsVh4eewb4.99
Comment by TheRock07 on Mar 02, 2015 11:30am
This advanced drug should add about $200 million to the asset value. Watch for a move soon..
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