RB expands long term pharmaceutical pipeline

26th August 2008 Reckitt Benckiser Pharmaceuticals Inc. Announces Exclusive Licensing Agreement with QLT USA, Inc. for Atrigel® Technology -Technology allows injection of pharmaceuticals for long-term sustained release -- Richmond, VA (26 August, 2008) - Reckitt Benckiser Pharmaceuticals Inc. announced today that it has entered into an exclusive licensing agreement with QLT USA, Inc., a wholly-owned subsidiary of QLT Inc. (NASDAQ:QLTI) (TSX:QLT), for QLT USA's Atrigel® sustained-release drug delivery technology, except for certain rights being retained by QLT USA and its prior licensees. Under the terms of the license, QLT USA will receive an upfront total of $25 million USD and may receive potential milestone payments of up to $5 million USD based on the successful development of two Atrigel®-formulated products. Reckitt Benckiser Pharmaceuticals will assume operations at QLT USA's corporate facility in Fort Collins, CO, together with 18 QLT USA employees as part of the agreement. "Our exclusive licensing of the Atrigel® platform underscores our long-term commitment to expanding our pharmaceutical pipeline and building upon our addiction therapy franchise," said Shaun Thaxter, President of Reckitt Benckiser Pharmaceuticals. "This agreement with QLT USA represents a strategic business opportunity that will contribute to the longevity and continued growth of our company going forward. In parallel with this announcement we continue our efforts to secure opportunities which will contribute to our near term and intermediate term strategic objectives that will make a difference in the lives of patients." Reckitt Benckiser Pharmaceuticals manufactures and markets Suboxone® (buprenorphine HCl/naloxone HCl dihydrate) C-III Sublingual Tablets and Subutex ® (buprenorphine HCl) C-III Sublingual Tablets in the USA, formulations of buprenorphine used to treat opioid dependence. About Reckitt Benckiser PharmaceuticalsInc. Reckitt Benckiser Pharmaceuticals Inc. is a specialty pharmaceutical company that manufactures and markets Suboxone® (buprenorphine HCl/naloxone HCl dihydrate [2 mg/0.5 mg and 8 mg/2 mg]) C-III Sublingual Tablets and Subutex® (buprenorphine HCl [2 mg and 8 mg]) C-III Sublingual Tablets, formulations of buprenorphine used to treat opioid dependence. Suboxone and Subutex are the only controlled medications under the Drug Addiction Treatment Act of 2000 approved by the FDA for office-based treatment of opioid dependence. Reckitt Benckiser Pharmaceuticals Inc. is committed to expanding access to medical therapies for patients suffering from the chronic, relapsing brain disease of opioid dependence. For more information, visit suboxone.com or turntohelp.com. Reckitt Benckiser Pharmaceuticals Inc. is a wholly-owned subsidiary of Reckitt Benckiser PLC, a publicly traded UK company. About QLT Inc. QLT Inc. is a global biopharmaceutical company dedicated to the discovery, development and commercialization of innovative therapies. QLT's research and development efforts are focused on pharmaceutical products in the fields of ophthalmology and dermatology. In addition, QLT utilizes three unique technology platforms, photodynamic therapy, Atrigel® and punctal plugs with drugs, to create products such as Visudyne® and Eligard® and future product opportunities. For more information, visit QLT's web site at www.qltinc.com. QLT Inc. is listed on The NASDAQ Stock Market under the trading symbol "QLTI" and on The Toronto Stock Exchange under the trading symbol "QLT." About Atrigel® The Atrigel® drug delivery system consists of biodegradable polymers dissolved in biocompatible carriers. Pharmaceuticals may be blended into this liquid delivery system at the time of manufacturing or, depending upon the product, may be added later by the physician at the time of use. When the liquid product is injected into the subcutaneous space through a small gauge needle or placed into accessible tissue sites through a cannula, water in the tissue fluids causes the polymer to precipitate and trap the drug in a solid implant. The drug encapsulated within the implant is then released in a controlled manner as the polymer matrix biodegrades with time. Reckitt Benckiser Pharmaceuticals Inc. USA Media Contact: Lindsay Treadway Feinstein Kean Healthcare Telephone: 617-761-6738, Fax: 617-577-8985 Lindsay.Treadway@fkhealth.com Atrigel is a registered trademark of QLT USA, Inc. Visudyne is a registered trademark of Novartis AG. Eligard is a registered trademark of Sanofi-aventis.
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