Controlled Drug Delivery to the Eye via a Contact Lens Wear Time 7 Days

• 10 Issued US and worldwide Patents/Freedom to Operate Opinion

OIS: Ophthalmology Innovation & Investment

Keith D. Ignotz, president and CEO of OcuMedic Inc., answers Three Critical Questions about how OcuMedic is looking to upend the $16 billion eye drop delivery market in ophthalmology.

OcuMedic’s Technology

The patented technology was developed by Mark Byrne, Ph.D., Distinguished Professor of Chemical and Biomedical Engineering & Founding Head of the Biomedical Engineering Department/Founding Dean Health Engineering and Science at Rowan University. Dr. Byrne serves as Co-founder of OcuMedic and Chief Technical Officer of the company. The technology rests on 10 issued patents, and a recent Freedom to Operate (FTO) opinion. Efficacy has been proven in animal models.

The technology is based on a novel therapeutic contact lens, made from the most widely used lens material, silicone hydrogel (SiHy), capable of controlled release of first line ophthalmic agents. The platform technology is tested for a use with anti-inflammatory and antibiotic agents, as well as 10 other drugs. It is also an ideal platform for treatment of dry eye especially episodic flairs.

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There is a compelling value proposition for ophthalmologists and optometrists, patients, contact lens manufacturers, pharmaceutical companies and payers.


Timed Drug Delivery Directly to Eye

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Approximately six million Americans undergo some type of eye surgery every year – four million cataract and one million post-corneal abrasion surgeries and 800,000 Lasik procedures.

All patients require post-operative care which includes eye drops which can wash out quickly, can be hard to administer or deliver a low concentration of medication all of which can aggravate post-operative complications. Approximately three million Americans suffer from Glaucoma, worldwide more than 60 million people are affected. Dry eyes affect about five million people in the U.S. and approximately 40 million worldwide.