Neurotrope and Metuchen Merge to Form Petros Pharmaceuticals
December 2, 2020
Neurotrope, Inc. and Metuchen Pharmaceuticals, L.L.C. completed an all-stock merger to form Petros Pharmaceuticals, Inc., a newly traded public company focused on men's health with primary commercial asset Stendra (avanafil). Neurotrope shareholders own approximately 49% and Metuchen shareholders own approximately 51% of the combined company; Petros will pursue commercialization strategies including a potential non-prescription conversion of Stendra and will be led by Fady Boctor as President and CCO.
- Buyers
- Petros Pharmaceuticals, Inc., Neurotrope, Inc., Metuchen Pharmaceuticals, L.L.C.
- Targets
- Neurotrope, Inc., Metuchen Pharmaceuticals, L.L.C.
- Industry
- Pharmaceuticals
- Location
- United States
- Transaction Type
- Buyout
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