11:53 AM EST - QLT Inc. : reported a loss for the second quarter that mainly reflected a foreign exchange loss compared to a gain last year. The company's net loss for the second quarter was $1.02 million or $0.02 per share, compared to a profit of $8.63 million or $0.16 per share in the previous year. Quarterly total revenues were up 15.4% to $12.4 million from $10.7 million generated last year, as the company amended its Visudyne agreement with Novartis, and booked more revenue per dollar of product sales and revenues also included approximately $2 million for the shipment of a batch of Visudyne to Novartis. Analysts estimated revenues of $11.45 million for the quarter. QLT Inc.
shares T.QLT are trading up $0.01 at $5.78.
