TPTK facing C/R in a 3B pot 50PLO

Villain is a loose bad player. What play is standard here?

PokerStars Pot-Limit Omaha, $0.50 BB (6 handed) - Poker-Stars Converter Tool from FlopTurnRiver.com

SB ($67.40)
BB ($50.75)
UTG ($30.85)
MP ($55.70)
CO ($82.60)
Hero (Button) ($68.30)

Preflop: Hero is Button with http://www.flopturnriver.com/pokerfo...smilies/kc.gif, http://www.flopturnriver.com/pokerfo...smilies/kh.gif, http://www.flopturnriver.com/pokerfo...smilies/3c.gif, http://www.flopturnriver.com/pokerfo...smilies/ad.gif
1 fold, MP calls $0.50, CO bets $2.25, Hero raises to $7, 3 folds, CO calls $4.75

Flop: ($15.25) http://www.flopturnriver.com/pokerfo...smilies/7h.gif, http://www.flopturnriver.com/pokerfo...smilies/8s.gif, http://www.flopturnriver.com/pokerfo...smilies/ah.gif (2 players)
CO checks, Hero bets $10, CO raises to $44.50, [color=#666666][i]

Don't like the 3 bet vs anyone but def not vs fish with 3 to act behind. Your hand just isn't very good & it gets a lot better if 5 people take a flop.

I'd fold as played, maybe you could shrug/gamble with live kickers if you have been 3 betting a lot.