SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549




                                    FORM 8-K


                                 CURRENT REPORT



     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934




                        Date of Report: October 23, 2003



                                    QLT Inc.
                                    --------
             (Exact name of registrant as specified in its Charter)





British Columbia, Canada              000-17082                              N/A
- ------------------------              ---------            ---------------------
(Jurisdiction of              (Commission File Number)             (IRS Employer
Incorporation)                                               Identification No.)





                                    QLT Inc.,
                             887 Great Northern Way,
                         Vancouver, BC, CANADA, V5T 4T5
                                 (604) 707-7000
                         ------------------------------
               (Address, including zip code, and telephone number,
              including area code, of principal executive offices)











ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

          c) Exhibits




Exhibit
Number    Description
- ------    -----------
       
99.1      Press Release dated October 23, 2003 (Q3 Financial Results)



ITEM 9.   REGULATION FD DISCLOSURE

          Pursuant to Securities and Exchange Commission Release No.
          33-8216 dated March 27, 2003, the following information is
          furnished pursuant to Item 12, "Disclosure of Results of
          Operation and Financial Conditions."

          On October 23, 2003, QLT Inc. announced its financial results
          for the quarter ended September 30, 2003. The full text of the
          press release announcing such results is attached hereto as
          Exhibit 99.1 to this Current Report on Form 8-K.




                                   SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorised.







                                                                 QLT Inc.
                                                        ------------------------
                                                                    (Registrant)






Date     October 23, 2003                  /s/  Paul J. Hastings
      ------------------------             -------------------------------------
                                                                     (Signature)
                                           President and Chief Executive Officer