-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 OCzRiXnNxsB0EMv2nFgQXr++0STV4vEij76qpDYBe5ymO6C8wchjfzLXlquXCweB
 Uf7k1KPDJqZnAqul7ajWew==

<SEC-DOCUMENT>0001209191-09-024889.txt : 20090506
<SEC-HEADER>0001209191-09-024889.hdr.sgml : 20090506
<ACCEPTANCE-DATETIME>20090506212246
ACCESSION NUMBER:		0001209191-09-024889
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090504
FILED AS OF DATE:		20090506
DATE AS OF CHANGE:		20090506

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Nelson Cameron
		CENTRAL INDEX KEY:			0001324166

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17082
		FILM NUMBER:		09803177

	MAIL ADDRESS:	
		STREET 1:		3586 WEST 31ST AVENUE
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6S 1X8

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			QLT INC/BC
		CENTRAL INDEX KEY:			0000827809
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		887 GREAT NORTHERN WAY
		STREET 2:		-
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V5T 4T5
		BUSINESS PHONE:		6047077000

	MAIL ADDRESS:	
		STREET 1:		887 GREAT NORTHERN WAY
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V5T 4T5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QLT PHOTO THERAPEUTICS INC
		DATE OF NAME CHANGE:	19960618

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QUADRA LOGIC TECHNOLOGIES INC
		DATE OF NAME CHANGE:	19941201
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c85020_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-05-04</periodOfReport>

    <issuer>
        <issuerCik>0000827809</issuerCik>
        <issuerName>QLT INC/BC</issuerName>
        <issuerTradingSymbol>QLTI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001324166</rptOwnerCik>
            <rptOwnerName>Nelson Cameron</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O QLT INC.</rptOwnerStreet1>
            <rptOwnerStreet2>887 GREAT NORTHERN WAY, SUITE 101</rptOwnerStreet2>
            <rptOwnerCity>VANCOUVER</rptOwnerCity>
            <rptOwnerState>A1</rptOwnerState>
            <rptOwnerZipCode>V5T 4T5</rptOwnerZipCode>
            <rptOwnerStateDescription>BRITISH COLUMBIA, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>VP, Finance and CFO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Options (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>2.07</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-05-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2014-05-04</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>100000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>100000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Option exercise price reflects the conversion of Canadian dollars to U.S. dollars based on the exchange rate in effect as of the date of grant, which exchange rate was 1:0.8493.  The option exercise price is $2.44 CAD per share, which was the closing price of the Issuer's common stock on the Toronto Stock Exchange as of the date of grant.</footnote>
        <footnote id="F2">The shares subject to the option vest and become exercisable in thirty-six (36) successive and equal monthly installments measured from May 4, 2009, such that 100% of the shares subject to the option will be fully vested on May 4, 2012.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Cameron Nelson</signatureName>
        <signatureDate>2009-05-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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