Petros Pharmaceuticals Partners With Blockbuster Cholesterol Drug Crestor's OTC Switch Technology Provider
Portfolio Pulse from Benzinga Newsdesk
Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) has announced a partnership with Idea Evolver to develop an application using Idea Evolver's proprietary Rx-to-OTC platform, CodeScripts, for the prescription to OTC switch of its erectile dysfunction drug STENDRA® (avanafil). The application aims to facilitate the switch and includes an AI/machine learning component for automated screening, developed in response to FDA feedback. Idea Evolver has experience in Actual Use Trials, including a successful study for Crestor's OTC approval.
December 12, 2023 | 2:21 pm
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Petros Pharmaceuticals partners with Idea Evolver to create an OTC switch application for STENDRA, potentially enhancing consumer access and safety with AI screening.
The partnership with Idea Evolver is likely to have a positive short-term impact on PTPI's stock price due to the potential for increased market access and consumer safety enhancements for STENDRA. The use of AI and machine learning in the application could be seen as a technological advancement, potentially improving the chances of FDA approval. The news reflects a strategic move to expand the availability of STENDRA, which could lead to increased sales and revenue.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100