April 27, 2006
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Visudyne first quarter U.S. revenues down

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VANCOUVER, Canada — QLT reported that sales of its age-related macular degeneration drug Visudyne fell 41% in the U.S. in the first quarter of 2006, to $30.5 million. That decline more than overshadowed the increase in sales of 5.3% the drug had outside the United States, the company said in a press release. Total worldwide sales of the drug were $106.8 million during the first quarter, a decrease of 13.7% overall.

Visudyne (verteporfin for injection) sales “were consistent with our internal expectations,” Bob Butchofsky, president and chief executive officer, said in a press release.

Visudyne is co-promoted with Novartis.