Website: N/A
Stock Symbol: NASDAQ: TEAR
Market Value: N/A (in millions)
We are an ophthalmic therapeutic company founded to commercialize innovative
treatments for age-related eye diseases. Until recently, the Company operated
two business divisions, being Retina and Glaucoma.
Retina Division
Until recently, the Company’s Retina division was in the business of developing
and commercializing a treatment for dry age-related macular degeneration, or Dry
AMD. Age-related macular degeneration, or AMD, is the leading cause of late
onset visual impairment and legal blindness in people over the age of 50 in the
United States and other Western industrialized societies.
We believe that Dry AMD, the most common form of the disease, afflicts
approximately 13.0 to 13.5 million people in the United States, representing
approximately 85% to 90% of all AMD cases.