Troubled biotech QLT Inc. (TSX:QLT) has closed its agreement to sell the land and building that make up its corporate headquarters and an adjacent parcel of undeveloped land for $65.5 million to Discovery Parks Holdings Ltd.
QLT entered into a five-year lease with Discovery Parks for approximately 30% of the facility and will provide two-year 6.5% interest-only second mortgage vendor financing of $12 million.