Pearly penile papules are small, asymptomatic, skin-colored benign growths that form around the corona of the penis. They are harmless and not contagious. The available procedures to treat the condition include cryosurgery, CO2 laser surgery and excisional surgery. Cryosurgery involves using extreme temperatures to freeze and destroy the targeted areas of tissue while laser surgery involves the use of infrared rays to cause heat damage and destroy the skin cells. Excisional surgery removes each papule individually.