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                       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 22, 2004


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



British Columbia, Canada              000-17082                    N/A
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(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
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               (Address, including zip code, and telephone number,
              including area code, of principal executive offices)

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ITEM 5.   OTHER EVENTS

          On January 22, 2004, QLT Inc. reported that its alliance partner,
          Novartis, announced global Visudyne(R) (verteporfin) sales of
          approximately US$95.9 million for the quarter and US$357 million for
          the year ended December 31, 2003. This represents an increase of 24%
          over sales in the fourth quarter of 2002 and 24% over annual sales in
          2002.

ITEM 7.   EXHIBITS

Exhibit
Number    Description
- -------   -----------
99.1      Press release dated January 22, 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.
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                                       (Registrant)



Date January 22, 2004                  /s/  Paul J. Hastings
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                                                   (Signature)
                                       President and Chief Executive Officer