Petros Pharmaceuticals Inc

0.0718

-0.0012-1.64%

Volume:8.70M

Turnover:586.29K

Market Cap:1.81M

PE:-0.02

High:0.0726

Open:0.0624

Low:0.0612

Close:0.0730

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Petros Pharmaceuticals' Proprietary Technology Demonstrates Positive Data in Pivotal Study

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25 Feb

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Fady Boctor, Petros' President and Chief Commercial Officer, commented, \"This study supports our belief that, through this emerging technology, we can expand access of current Rx medications to OTC. The addition of AI and big data integration are key components to help optimize this access, and we are diligently creating a scalable Software as a Medical Device  approach, which we believe can significantly enhance the emerging self-care market.\". These results closely follow the recently adopted \"Nonprescription Drug Product with an Additional Condition for Nonprescription Use\"  rules by the United States Food and Drug Administration  for companies seeking Rx-to-OTC switch for pharmaceutical products. The Company's development activities, which are currently integrating additional technologies like AI and big data integration position Petros to be a key player","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/petros-pharmaceuticals-proprietary-technology-demonstrates-142000649.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4233","BK4007","BK4213","LB","PTPI"],"gpt_icon":0},{"id":"2512665571","title":"Petros Pharmaceuticals Prices $9.6 Million Public Offering of Shares, Warrants","url":"https://stock-news.laohu8.com/highlight/detail?id=2512665571","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512665571?lang=en_us&edition=fundamental","pubTime":"2025-02-18 22:50","pubTimestamp":1739890241,"startTime":"0","endTime":"0","summary":"Petros Pharmaceuticals  said Tuesday it has priced a public offering of about 40 million shares, or pre-funded warrants, with each share accompanied by a Series A warrant to buy 0.25 share at an exercise price of $0.48 per 0.25 share, and a Series B warrant to buy one share at an exercise price of $0.48 per share.The combined public offering price of each share with the accompanying Series A warrant and Series B warrant is $0.24, and the combined public offering price of each pre-funded warrant together with the accompanying Series A warrant and Series B warrant is $0.2399, Petros said.The gross proceeds of the offering are expected to be $9.6 million, the company said.Net proceeds of the offering, expected to close on or about Wednesday, will be used for working capital and general corporae purposes, the company said.Price: 0.14, Change: -0.15, Percent Change: -51.19","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["PTPI","BK4007"],"gpt_icon":0},{"id":"2512166397","title":"US Stocks Mixed; 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