Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.
The stock price of Petros Pharmaceuticals skyrocketed in the early hours of Wednesday’s trading, following an announcement that its STENDRA tablets have seen a 476% growth in sales year-over-year, thanks to an exclusive agreement with Hims & Hers Health Inc.
A key provider of therapeutics for Men’s health, Petros entered an exclusive, digital health marketing partnership with Hims & Hers – a telehealth platform at the forefront of innovative, modern treatments for consumers. The erectile dysfunction tablet STENDRA saw exponential success on the platform, provoking a further expansion of the partnership via further dosage availability on the His & Hers platform.
Fady Boctor, CCO and President of Petros stated:
“Our continued relationship with Hims supports an industry-leading telehealth platform that allows individuals to inquire about and address erectile dysfunction with discretion and by way of a convenient method of healthcare engagement,”
“With significant growth year-over-year of STENDRA tablet sales through Hims, we are excited to expand our collaboration with Hims and enhance access to STENDRA through this critical channel.”
The data comes at a much-needed time for Petros, with the company showing a 25% loss over 2021 even with the current price spike. Consistent stock support is needed for PTPI stock to break its heavy bearish trend – PTPI is trading at $3.33, losing some momentum with a daily gain of 86%.
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