June 5, 2012 / 9:28 PM / in 6 years

New QLT chairman open to asset sales, share buyback

TORONTO (Reuters) - The new chairman of Canadian eye-drug developer QLT Inc QLT.TO told Reuters on Tuesday he is open to new business partnerships and asset sales, and that he favors a share buyback and instituting a dividend and other tax-free capital returns to shareholders.

Jason Aryeh, founder and general partner of Jalaa Equities, a Connecticut-based private hedge fund focused on the biotechnology and specialty pharmaceutical sector, was elected chairman of QLT on Monday after an activist investor’s slate of nominees prevailed in a shareholders’ vote, signaling a shakeup at the company.

Reporting By Claire Sibonney; Editing by Peter Galloway

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below