Males can have HPV (There are many strains to HPV), but there is no test (Blood test or biopsy) available to confirm the diagnosis. Also, while males can get HPV, the odds of them developing penile cancer from HPV are VERY slim. On the flip side of things, if you happen to be gay and have sex with another male who has HPV (in particular, the strain that causes cervical cancer), you could in turn develop rectal cancer as a result, so wrap that sausage up if you boys are planning to have some fun at the next post-Olympia party with your favorite bodybuilder.
When females contract HPV, depending on the strain, they can develop cancer of both the cervix and uterus over time. Not all strains of HPV will lead to cervical cancer (I think strain 18 does), but nonetheless, it pays for females to be very careful.
HPV, like HIV, has no cure. Once a male/female gets it, they have it for life. Females can get their uterus removed (total hysterectomy) in order to not have to deal with cervical cancer, but that is no easy procedure to endure for obvious reasons.
Best advice, make sure to have your partner wear a condom, especially since there is no way to diagnose a male with HPV via conventional testing methods (i.e. you never know). Vice versa, unless a woman has had a pap smear to confirm the presence of HPV, you won't know either (so cut the bigmikecox crap or your penis might be in danger in the long term).
While women and men can have the warts frozen and removed (as well as with the use of acid), there is no way of killing the actual virus, so the warts shall return once again.
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