Discussions have already begun to initiate trials in San Diego, California and Lynchburg, Virginia.
Image: The south side of the James Madison Building in Alexandria, Virginia. Photo: Courtesy of Coolcaesar at English Wikipedia.
Full Alliance Group, Inc. (OTC PK: FAGI) (“Full Alliance Group” or the “Company”), is pleased to announce a provisional patent for its proprietary EBO2 medical device has been filed with the United States Patent Office.
Paul Brian Volpp, CEO and President of Full Alliance Group, commented, “Having now filed the required paperwork to the patent office will open up significantly more avenues for Full Alliance to begin large-scale marketing of extracorporeal ozone oxygenation.”
With the recent signing by President Trump of an executive order which will fast track cutting-edge medical devices in getting approval by CMS, which will in turn impact coverage by commercial carriers, the company plans to begin multiple clinical trials throughout the country which would begin the preliminary process of obtaining FDA approval. Discussions have already begun to initiate trials in San Diego, California and Lynchburg, Virginia.
“We are also quite excited to learn that the recent Nobel Prize in Medicine was awarded to American researchers who showed the critical importance of oxygen modulation by cells in cancer as well as cardiac and other chronic diseases,” continued Dr. Volpp. “Our medical advisory board plans to redouble its efforts now to expand the use of EBO2 in a variety of illnesses. With a recent influx in investor capital we feel that we will make significant progress in Q4 of 2019, and in the process build shareholder value. With the patent process now over with we have eliminated a significant hurdle to a larger scale roll out.”
Source: Company Press Release