Abstract: An intraocular drainage apparatus for treatment of glaucoma, a device to be used in the insertion of the drainage apparatus, and a method of controllably regulating intraocular pressure in glaucoma patients through the use of the drainage apparatus is described herein. The drainage apparatus is comprised of a tube capable of conducting fluid disposed between an inlet assembly, where aqueous humor enters the apparatus, and an outlet assembly, where aqueous humor exits the apparatus. The inlet assembly is comprised of a beveled tip and preferably an anchor. The beveled tip allows the drainage apparatus to be more easily inserted into an eyeball and the anchor, when employed, functions to hold the beveled tip of the inlet assembly within the anterior chamber of the eyeball.