UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): May 12, 2003
                                                            ------------

                              Escalon Medical Corp.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)

Pennsylvania                      0-20127                       33-0272839
-----------------           -------------------               ---------------
(State or other            (Commission file number)           (IRS employer
jurisdiction of                                             identification no.)
incorporation)

        351 East Conestoga Road,
        Wayne, Pennsylvania                                  19087
        --------------------------                           -----
        (Address of principal executive offices)           (Zip code)

        Registrant's telephone number, including area code: (215) 688-6830
                                                            --------------

                                       N/A
              ----------------------------------------------------
          (Former name or former address, if changed since last report)

Item 7. Financial Statements and Exhibits.

        (c)    Exhibits.

        The following exhibit is filed herewith:



               Exhibit No.                  Description
               -----------                  -----------
                              
                  99.1           Press release issued by Escalon Medical Corp. (the
                                 "Company") dated May 12, 2003


Item 12. Results of Operations and Financial Condition.

      On May 12, 2003, the Company issued a press release regarding the
Company's financial results for its first quarter ended March 31, 2003. The
press release is attached as Exhibit 99.1 to this Form 8-K Current Report. The
information in this report shall not be deemed to be filed for purposes of
Section 18 of the Securities Exchange Act of 1934 or incorporated by reference
in any filing under the Securities Act of 1933.


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                                        SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                               ESCALON MEDICAL CORP.



Date: May 12, 2003                             By:          /s/
                                                  --------------------------
                                                  Richard J. DePiano
                                                  Chairman and
                                                  Chief Executive Officer


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                                  EXHIBIT INDEX


Exhibit
Number                Description
------                -----------
                 
  99.1              Press release dated May 12, 2003 issued by the Company.