Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

BMO Nesbitt Cuts QLT to Market Perform

BMO Nesbitt downgraded QLT Inc. (QLTI) to market perform from outperform.

Analyst Christine Charette downgraded QLT because she doesn't see any potential triggers in the short term or any news that would dissipate concerns regarding a potential threat to its Visudyne anti-blindness drug from rival drug Macugen. She notes an FDA advisory committee met Friday to review Macugen, but failed to raise any serious issues regarding Macugen. As such, she doesn't think Macugen, which is being developed by Eyetech Pharmaceuticals, is a threat to Visudyne, but she thinks concerns about Macugen's potential impact on Visudyne will linger until these two products face off in the market.

blog comments powered by Disqus