Las Vegas, Nevada, Dec. 19, 2022 (GLOBE NEWSWIRE) — Odyssey Health, Inc. (OTC: ODYY), f/k/a Odyssey Group International, Inc., a company focused on developing life-enhancing medical products, today presents a Company update and recap of its product development programs.
The Company has medical products in development which it intends to move forward in their respective clinical programs with the goal of FDA submission and commercialization.
“We are extremely pleased with the progress our company has made the past year,” stated Michael Redmond, Odyssey’s CEO. “Our Phase I human clinical trial for our concussion drug was successful, and we are preparing for Phase II. Concussions are a serious issue with no FDA approved pharmaceutical treatment. According to Grandview Research, the global market for concussion treatment was valued at $6.9 billion in 2020 and is forecasted to reach $8.9 billion by 2027. Common settings for concussion include contact sports, military training and operations, motor vehicle accidents, children at play and elderly assistive-living facilities due to falls. We have seen the concussion market grow in awareness and some recent medical breakthroughs related to diagnosing a concussion. The FDA has cleared a diagnostic test marketed by Abbott laboratories and we hope to provide the first pharmaceutical treatment.”
“In addition to advancing the concussion drug we are excited to develop our other products and we are positioned to execute our plan for 2023,” said Mr. Redmond.
Concussion Drug Development Program
Nerve Agent Antidote Development Program
Save-a-Life
The Save-a-Life choking rescue device is intended to use a unique vacuum feature to dislodge an obstruction causing an acute choking event. The Company has advanced an initial design to a prototype stage. The goal for 2023 is to complete development and submit the device to the FDA for marketing approval.
CardioMap
CardioMap provides rapid EKG information and a digital map of the heart in near real-time. The Company intends to further development of the CardioMap in 2023 to prepare for FDA submission.
Corporate Accomplishments and Goals
About Odyssey Health Inc. (formerly Odyssey Group International, Inc.)
Odyssey Health Inc. (OTC: ODYY) is a medical company with a focus in the area of life-saving medical solutions. Odyssey’s corporate mission is to create, acquire and develop distinct assets, intellectual property, and exceptional technologies that provide meaningful medical solutions. The company is focused on areas that have an identified technological advantage, provide superior clinical utility, and have a substantial market opportunity. For more information, visit the company’s website at www.odysseyhealthinc.com
We encourage our shareholders to visit our corporate social media accounts for updates:
https://twitter.com/OdysseyHealth1
https://www.facebook.com/odysseyhealthinc
https://www.linkedin.com/company/odysseyhealthinc
https://www.youtube.com/channel/UCsS–v0od_fYIBu2tvqmj9Q
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including our ability to continue to raise needed funds, successfully complete additional clinical studies, our ability to successfully develop products, rapid changes in our markets, changes in demand for our future products, and legislative, regulatory, competitive developments and general economic conditions.
Inquiries:
Odyssey Health
info@odysseyhealthinc.com
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