BUZZ-Auxilium Pharmaceuticals Inc: To buy Canadian drugmaker QLT

Thu Jun 26, 2014 7:48am EDT
 
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** Auxilium's shares up 13 pct at $24 premarket

** Says will buy Canadian eye drug maker QLT Inc in an all-stock deal to gain access to the company's experimental treatment for retinal diseases

** For QLT shareholders, the transaction represents a 25 pct premium based on Auxilium and QLT's closing prices on Wednesday

** QLT shares closed at $5.39 on the Nasdaq

** QLT's U.S.-listed shares not moving