================================================================================ 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: March 16, 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 On March 16, 2004, QLT Inc. announced that the Centers for Medicare and Medicaid Services has raised the Medicare allowable reimbursement rate for Visudyne(R). Effective April 1, 2004, the rate moves from approximately $1,304 to $1,404, as part of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003. ITEM 7. EXHIBITS Exhibit Number Description - ------ ----------- 99.1 Press release dated March 16, 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 March 16, 2004 /s/ Paul J. Hastings ------------------ ------------------------------------- (Signature) President and Chief Executive Officer