Business
PAOG Publishes 2022 Strategic Update
PAOG Publishes 2022 Strategic Update.
About this update from Pao Group, Inc.
[{"type":"text","content":"\n Sandusky, OH, Jan. 28, 2022 (GLOBE NEWSWIRE) -- PAO Group, Inc. (OTC Pink: PAOG) today released a 2022 strategic update on the company’s CBD pharmaceutical and nutraceutical development strategy. The update is included in its entirety below: PAO Group, Inc. is an emerging cannabis and CBD company targeting growth via two tracks – pharmaceutical and nutraceutical. The Company is developing a cannabis extract-based therapy to treat various respiratory diseases and illnesses including COPD.  Recent independent research has confirmed PAOG’s previous conclusions that CBD may also be a viable treatment for COVID-19. PAOG has positioned itself as an emerging CBD Biopharma company on a development path to treat various and major respiratory diseases that represent billions in potential market sizes. The Company has engaged a CRO to initiate the process for potential FDA approval of RespRx, its new flagship COPD treatment. COPD represents an estimated $14.1B market by 2025.   The World Health Organization estimates 65 million people worldwide are afflicted with moderate to severe COPD and GlobalData forecasts that the COPD treatment market will reach $14.1 billion by 2025. POAG, preclinical studies on COPD patients were conducted to evaluate the impact of its pharmaceutical grade cannabis extracts in combination with other therapies. Favorable results have triggered the planned PAOG development of this CBD-derived Biopharma product. PAOG has enter into an agreement with a Contract Research Organization (CRO) as a first step toward initiating an Investigational New Drug Application (IND) to commence the process for obtaining FDA approval for its RespRx as a COPD treatment. PAOG acquired the proprietary formulations derived from a patented cannabis extraction process - U.S. Patent No. 9,199,960 entitled “METHOD AND APPARATUS FOR PROCESSING HERBACEOUS PLANT MATERIALS INCLUDING THE CANNABIS PLANT.”  With the patented intellectual property (IP) to include the existing and ongoing research and development, and favorable preclinical studies, management’s over-lapping tracks is the development of a CBD Biopharma treatment for multiple respiratory-related diseases, notably COPD, COVID-19, and others. In preclinical studies, experiments to evaluate the potential of cannabis extracts derive...