TECLens Celebrates $9.3 Million Funding for Vision Tech Advancements
TECLens Secures $9.3 Million in Series A Funding
TECLens, Inc., a forward-thinking clinical-stage ophthalmic medical device company, has successfully raised $9.3 million in a Series A funding round. This investment was co-led by industry giants, including Johnson & Johnson Innovation – JJDC Inc. and Yonjin Capital. Other notable investors participating in this round were Rimonci Capital and Sunmed Capital. The aim of this funding is to propel the clinical development of TECLens' innovative non-incisional refractive correction procedure, which utilizes corneal cross-linking (CXL) technology to reshape the cornea.
Innovative Technology at the Core
According to Thomas Dunlap, CEO of TECLens, the support from both veteran and emerging investors in the ophthalmology field is immensely appreciated. He expressed enthusiasm about their collective endorsement, highlighting the potential of their quantitative corneal cross-linking technology. Dunlap emphasized that this funding validates their mission to provide a non-invasive and cost-effective solution for addressing vision disorders faced by millions.
Traditional corneal cross-linking methods conventionally deploy riboflavin and ultraviolet light to strengthen the corneal structure. TECLens introduces a novel approach through its proprietary Quantitative Corneal Cross-Linking (qCXL™) technology. This innovative solution plans to deliver a precisely calculated pattern and dosage of UV light, taking into consideration a biomechanical model tailored to each patient’s unique eye anatomy. By incorporating real-time treatment progression tracked with an onboard ultrasound sensor, the CXLens device aims for exceptional precision and patient comfort.
Clinical Development and Future Applications
The advanced CXLens device, crafted for use in examination rooms, has shown promising results in patients with keratoconus. TECLens is currently directing its clinical studies towards refractive corrections, focusing primarily on presbyopia. Moreover, future applications could extend to treating pediatric progressive myopia, low-order adult myopia, hyperopia, and astigmatism, aiming to tackle some of the most complex vision correction needs.
Dr. Roy Chuck, Chairman of the Department of Ophthalmology at Montefiore Einstein, remarked on the technology's significant potential to enhance access to care for patients facing challenging vision correction issues. He believes that TECLens’ methodology not only appeals to patients but also presents intriguing prospects for healthcare professionals, ultimately reshaping the refractive market landscape.
About TECLens, Inc.
TECLens is committed to advancing clinical-stage ophthalmic technologies, focusing on non-invasive corneal cross-linking procedures that aim to revolutionize vision correction. Their innovative CXLens system employs a sophisticated approach, utilizing patterned UV light to gently reshape the cornea while ensuring consistent biomechanical control throughout the treatment process. By establishing a new benchmark for safety, efficacy, and accessibility, TECLens strives to redefine the experience of vision correction with patient-centered innovations.
Frequently Asked Questions
What is the purpose of TECLens' recent funding?
The recent $9.3 million funding aims to support the clinical development of TECLens' innovative non-incisional refractive correction procedure using corneal cross-linking technology.
How does TECLens' qCXL™ technology differ from traditional methods?
TECLens' qCXL™ technology offers a pre-calculated and customized delivery of UV light based on each patient's biomechanics, enhancing precision compared to traditional methods.
What vision disorders is TECLens targeting with its technology?
TECLens is focusing on conditions including presbyopia, keratoconus, low-order myopia, hyperopia, and astigmatism through its innovative treatment approaches.
What does the CXLens device do?
The CXLens device administers UV light treatment in a controlled and comfortable manner while continuously monitoring treatment progression through an onboard ultrasound sensor.
What impact does TECLens hope to achieve in the ophthalmic field?
TECLens aims to improve access to non-invasive vision correction solutions, enhancing the quality of life for patients with complex vision problems while redefining patient care standards.
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