Inclusion Criteria:

• For sexually active women of childbearing potential, agreement to the use of an appropriate form of contraception (or abstinence) for the duration of the study

Ocular Inclusion Criteria (Study Eye)

• CNV lesions with classic CNV component, occult CNV, or with some classic CNV component are permissible.

Exclusion Criteria:

• History of vitrectomy surgery, submacular surgery, or other surgical intervention for AMD in the study eye
• Prior treatment with Visudyne(R), external-beam radiation therapy, or TTT in the study eye
• Previous intravitreal drug delivery (e.g., intravitreal corticosteroid injection, anti-angiogenic drugs, or device implantation) in the study eye
• Previous treatment or participation in a clinical trial involving anti-angiogenic drugs (Avastin(R), anecortave acetate, protein kinase C inhibitors, etc.), in the non-study eye within 3 months of Day 0. The patient may not have received Lucentis(R) or Macugen(R) in the non-study eye within 7 days of Day 0
• Treatment with Visudyne(R) in the non-study eye < 7 days preceding Day 0
• Subretinal hemorrhage in the study eye that involves the center of the fovea, if the size of the hemorrhage is either > 50% of the total area of the lesion or > 1 disc area (2.54 mm^2) in size
• Subfoveal fibrosis or atrophy in the study eye
• CNV in either eye due to other causes, such as ocular histoplasmosis, trauma, or pathologic myopia
• Retinal pigment epithelial tear involving the macula in the study eye
• Any concurrent intraocular condition in the study eye (e.g., cataract or diabetic retinopathy) that, in the opinion of the investigator, could either: require medical or surgical intervention during the 24-month study period to prevent or treat visual loss that might result from that condition; or if allowed to progress untreated, could likely contribute to loss of at least 2 Snellen equivalent lines of BCVA over the 24-month study period.
• Uncontrolled blood pressure
• Atrial fibrillation not managed by patient's primary care physician or cardiologist within 3 months of screening visit
• History of stroke within the last 3 months of screening visit
• History of other disease, metabolic dysfunction, physical examination finding, or clinical laboratory finding giving reasonable suspicion of a disease or condition that contraindicates the use an investigational drug or that might affect interpretation of the results of the study or renders the patient at high risk for treatment complications
• Current treatment for active systemic infection
• Active malignancy
• History of allergy to fluorescein, not amenable to treatment
• Previous participation in any studies of investigational drugs within 1 month preceding Day 0 (excluding vitamins and minerals)