DALLAS, March 10, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring OccuLogix Inc. (Nasdaq:TEAR). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/TEAR
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OccuLogix Inc., dba TearLab Corp. (TEAR), is an in vitro diagnostic company developing and commercializing novel, lab-on-a-chip technologies that enable eye care practitioners to test for highly sensitive and specific biomarkers in tears at the point-of-care. Its TearLab Osmolarity Test for diagnosing Dry Eye Disease (DED) is the first assay developed for the award winning TearLab Osmolarity System. The Company is also building a pipeline of other tests that can measure a range of clinically relevant protein biomarkers found in tears.
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In the report, the analyst notes:
"For the three months ended September 30, 2009, TEAR's net revenues were $263,221 as compared to $96,849 in the prior quarter ended June 30, 2009, and $23,900 for the same period in 2008. The Company's loss for the three months ended September 30, 2009, was approximately $0.7 million, or $0.07 per share …
"The Company previously stated that its strategy is to educate eye care practitioners everywhere that the TearLab Osmolarity System provides objective evidence of Hyperosmolarity, enabling them to effectively diagnose and treat their patients with DED. The Company also said it is partnering with key opinion leaders globally to generate local country data to increase awareness and educate eye care professionals."
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