OC50 2023: Thomas Burns

712

THOMAS BURNS
CHAIRMAN, CEO
GLAUKOS

WHY: Chief executive, director since 2002 of medical device maker that treats glaucoma, one of the worldโ€™s leading causes of blindness. Aliso Viejoโ€™s most valuable public company, best known for the iStent, among the smallest medical devices ever made.

FUTURE PLANS: New products include tiny eye implant, iDose TR, that for as long as three years releases into the anterior chamber a proprietary formulation of travoprost, a medicine used to lower intraocular pressure. Instead of a typical 2,190 eye drops administered per eye during a three-year period, a patient only needs โ€œone administrationโ€ of iDose. Awaiting approvals from the FDA.

BY THE NUMBERS: iStent has been implanted in more than 1 million eyes worldwide; iDose has an estimated U.S. opportunity of 3 million eyes. Invested $400 million in R&D since 2018; shares since then are up more than threefold to a $2.6 billion market cap. Sales expected to grow 8% this year to nearly $300 million.

IN THEIR WORDS: Companyโ€™s โ€œiDose should become a game-changing device within ophthalmology.โ€

OC50 logo