Dec 31 (Reuters) - Aralez Pharmaceuticals Inc :
* Aralez Pharmaceuticals - selling stockholder QLT Inc QLT.TO to distribute
up to 7.2 million shares of aralez's common stock to qlt's shareholders
* Aralez Pharmaceuticals says it will not receive any proceeds from the
distribution of co's shares by the selling shareholder
* Source text for Eikon ID:nEOL30jpKS