TECLens, a clinical-stage ophthalmic medical device company, announced it raised $9.3 million in a Series A round co-led by Johnson & Johnson Innovation – JJDC Inc. and Yonjin Capital. And other investors include Rimonci Capital and Sunmed Capital. The funding is allocated to support the clinical development of the company’s non-incisional refractive correction procedure that utilizes corneal cross-linking (CXL) for reshaping the cornea.
Traditional CXL utilizes riboflavin and ultraviolet light to strengthen the cornea. And TECLens’ proprietary Quantitative Corneal Cross-Linking (qCXL) is designed to deliver a pre-calculated pattern and dose of UV light based on a computational biomechanics model of each patient’s eye. The company’s proprietary CXLens device comfortably offers UV light and treatment progression in real-time with an onboard ultrasound sensor to ensure adherence to the pre-plan, enhancing precision.
The CXLens device, designed for use in the exam room, has been demonstrated in the eyes with keratoconus. TECLens is now advancing clinical studies for refractive correction, with a primary focus on presbyopia. Potential future applications include pediatric progressive myopia, low-order adult myopia, hyperopia and astigmatism.
KEY QUOTES:
“We’re incredibly excited to garner investor support from both industry veterans and newcomers to the ophthalmology sector. This collective backing of our investors is a powerful endorsement of both our quantitative corneal cross-linking technology and our mission to deliver a non-invasive and cost-effective refractive treatment for millions of people with vision disorders. We’re honored by their support and view this as a strong validation of our innovative approach to addressing both refractive and therapeutic unmet needs in eye care.”
- Thomas Dunlap, CEO of TECLens
“The TECLens qCXL technology has tremendous potential to improve access to care for some of the world’s most complex vision correction needs, including presbyopia, keratoconus, low-order myopia, hyperopia, and astigmatism. TECLens’ approach to refractive correction is attractive to both patients and physicians and creates exciting possibilities for the future of the refractive market.”
- Dr. Roy Chuck, Chairman, Department of Ophthalmology, Montefiore Einstein and a pioneer of the foundational technologies behind TECLens
