================================================================================ 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: January 19, 2004 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, B.C., CANADA, V5T 4T5 (604) 707-7000 ---------------------------------------------------- (Address, including zip code, and telephone number, including area code, of principal executive offices) ================================================================================ ITEM 5. OTHER EVENTS QLT reported today that its alliance partner Novartis Ophthalmics will offer a temporary discount on Visudyne(R) to physician customers, in response to a reduction in the Medicare reimbursement rate of Visudyne resulting from implementation of the Medicare Prescription Drug Improvement and Modernization Act of 2003. QLT also reported that QLT and Novartis have made a request to the Centers for Medicare and Medicaid Services requesting an exception from the reimbursement reduction for Visudyne, in respect of which they expect a response on April 1, 2004. ITEM 7. EXHIBITS Exhibit Number Description - ------- ----------- 99.1 Press Release dated January 19, 2004 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 January 19, 2004 /s/ Paul J. Hastings ----------------------------- ------------------------------------- (Signature) President and Chief Executive Officer