No, just sanitize the system it's used in before you brew.
BTW, teflon is one of the most chemical resistant polymers available. It even has an excellent rating with hydrofluoric acid which will dissolve glass. About the only thing that will harm it is flourine which drops it's chemical resistance rating from excellent to good.
There is a post somewhere on here that explains it better, but PBW and Star-San only affect teflon COATINGS. They interact with the adhesive resulting in the coating peeling off. I think the info came from an interview on the brewing network podcast.