Eye‐drop treatments of age‐related macular degeneration (AMD) are desirable; however, no clinically approved eye drop has been reported to date. This study aimed to evaluate the therapeutic activity of eye‐drop instillation of a high‐density lipoprotein (HDL) variant bearing a cell‐penetrating peptide and neovasculature‐targeted peptide (AsnGlyArg [NGR] peptide) in a mouse model at a dose of 0.6–0.85 μg protein/eye drop. The results revealed that the activity of the abovementioned variant was >10‐fold higher than that of our previous variant lacking an NGR peptide. In addition, the anti‐inflammatory activity, cholesterol‐efflux capacity, and antiangiogenic activity of reconstituted HDL were significantly augmented by the attachment of these two peptides. The mechanism underlying this dramatic improvement is likely the expression of CD13, an NGR peptide receptor, on the cornea and conjunctiva in mice. CD13 mRNA/protein expression was also detected in cultured human corneal and conjunctival cells. These results demonstrate that NGR peptide is an unprecedented class of an absorption enhancer on the eye surface. Thus, HDL engineering is a potential strategy for developing eye drops to treat neovascular AMD by enhancing the ocular surface absorption and HDL functionalities.This article is protected by copyright. All rights reserved