Petros Pharmaceuticals Partners With Blockbuster Cholesterol Drug Crestor's OTC Switch Technology Provider
Portfolio Pulse from Benzinga Newsdesk
Petros Pharmaceuticals has partnered with Idea Evolver, the sole provider to have successfully completed an Actual Use Trial for FDA review, which is necessary for Rx-to-OTC switch approval. This partnership is related to the over-the-counter (OTC) switch technology for the blockbuster cholesterol drug Crestor.
December 05, 2023 | 2:17 pm
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POSITIVE IMPACT
Petros Pharmaceuticals' partnership with Idea Evolver for Crestor's OTC switch could enhance the company's product portfolio and potentially increase revenue if the switch is approved.
The partnership with Idea Evolver positions Petros Pharmaceuticals favorably in the OTC market, especially with a drug as widely recognized as Crestor. If the FDA approves the switch, it could lead to increased sales and market share for Petros, positively impacting the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80