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QLT announces MGH litigation settlement.
QLT Inc announced the settlement of its litigation with the General Hospital Corp, doing business as Massachusetts General Hospital (MGH). Under the terms of the settlement agreement, QLT will pay $20 M to MGH as payment in full for all past and future royalty obligations under the Licence Agreement between QLT and MGH, in exchange for the dismissal with prejudice of MGH's lawsuit against QLT pending in the Massachusetts District Court for violation of Massachusetts General Law Chapter 93A, sections 2 and 11. As part of the …
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