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0.00435323383084557 0.0105721393034825 0.0174129353233829 0.00932835820895513 0.0746268656716417 0.0559701492537312 0.0304726368159203 0.0236318407960198
Stock impact report

Analysis-Hims & Hers GLP-1 pill gambit backfires, accelerating crackdown on drug compounders [Yahoo! Finance Canada]

Hims & Hers Health, Inc. Class A (HIMS) 
NEW YORK, Feb 19 (Reuters) - Online telehealth company Hims & Hers Health, seeking growth drivers as its original sexual-health franchises matured, may have overstepped with a risky launch of weight-loss pills that drew swift blowback from Danish drugmaker Novo Nordisk and U.S. regulators. Even as Novo and U.S. rival Eli Lilly had ?moved to aggressively cut prices on their GLP-1 weight-loss drugs, Hims announced plans to offer a compounded oral semaglutide pill for $49 - a version of Novo Nordisk's new Wegovy ?pill launched in January. Two days later, Hims retreated after U.S. FDA Commissioner Marty Makary warned the offering and similar drugs were "illegal copycats." Novo followed up by suing the telehealth company for infringing patents on its injectable weight-loss offerings. The oral GLP-1 could ?have opened a new market for Hims with patients who prefer pills to injections, analysts said. Now it's not clear where the company will look for long-term growth prospects. "T Show less Read more
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