QLT looks at options for shareholder value

Vancouver, Canada-based QLT says that its board of directors has engaged Goldman, Sachs & Co as its financial advisor to assist the company in identifying, evaluating and pursuing alternative strategies to maximize shareholder value.

As previously indicated, the special committee of the board, with the advice of Goldman Sachs, will evaluate all opportunities, including transactions involving the sale of all or part of the assets of the company. During the evaluation of specific strategic alternatives QLT does not expect to make comments on its process or progress. In addition, no inference should be drawn if QLT does not respond to individual questions, rumors or press reports concerning its business or activities, the firm stated.