no. thats the beauty of it.
i ride a m-bike round london all day and pick up lots of nails and screws in my tires. normally i leave them in unless i start losing pressure.
if i do start losing pressure, i get the tool ready, whip the offending nail/screw out, then insert the tool with black sticky lace, 3 half turns and withdraw the tool until flush with the tyre surface and cut off with a stanley blade.
with practice you`ll lose minimal pressure and then can inflate your tyre to its correct pressure at your leisure.