PAOG Entertains Partnership To Accelerate Development Of CBD Pharmaceutical Treatment For $14 Billion COPD Market
2021年10月29日 - 1:24AM
InvestorsHub NewsWire
Sandusky, OH --
October 28, 2021 -- InvestorsHub NewsWire -- PAO Group, Inc.
(USOTC:
PAOG) today announced the company is entertaining a partnership
opportunity to accelerate the ongoing development of its RespRx CBD pharmaceutical for the treatment of Chronic
Obstructive Pulmonary Disease
(COPD).
The COPD
treatment market is anticipated to rise from an estimated $9
billion in 2015 to $14.1
billion in 2025.
Last year, PAOG
acquired intellectual property derived through research into CBD
extracted in association with a patented extraction method
(U.S. Patent
No. 9,199,960). The
ongoing research targets the treatment of respiratory disorders in
support of a pharmaceutical being developed by PAOG under the
name RespRx.
PAOG has
engaged Veristat
as a
CRO to prepare an IND for the
FDA.
PAOG’s RespRx research has shown
effectiveness in the treatment of Chronic Obstructive Pulmonary Disease
(COPD) and other
similar respiratory
conditions.
The British
Medical Journal (BMJ) recently released a
report on a case
study where CBD
demonstrated effectiveness in the treatment of lung cancer and
COPD.
RespRx, in
addition to its clinical research with COPD, has been engaged in
select, non-clinical trials to treat cancer and demonstrated
effectiveness.
PAOG has
received numerous inquiries into its RespRx developments. Now
PAOG is considering a partnership opportunity with a larger
organization that has the potential to accelerate the ongoing
development of RespRx.
PAOG will
release more information as the partnership opportunity
develops.
Learn more about
PAOG at www.paogroupinc.com.
Forward-Looking
Statements: Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the safe harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Technical
complications, which may arise, could prevent the prompt
implementation of any strategically significant plan(s) outlined
above. The Company undertakes no duty to revise or update any
forward-looking statements to reflect events or circumstances after
the date of this release.
CONTACT
INFORMATION
Contact Us:
Jim DiPrima
888-272-6472
info@pao.group
PAO (PK) (USOTC:PAOG)
過去 株価チャート
から 10 2024 まで 11 2024
PAO (PK) (USOTC:PAOG)
過去 株価チャート
から 11 2023 まで 11 2024
Real-Time news about PAO Group Inc (PK) (その他OTC): 0 recent articles
その他のPAO Group Inc (PK)ニュース記事