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-0.000912200684150494 0.0015963511972634 0.00433295324971489 0.00136830102622582 -0.011630558722919 -0.00319270239452681 -0.00232611174458373 -0.00615735461801587
Stock impact report

Hims & Hers defended at BofA as Lilly fights compounded GLP-1s [Seeking Alpha]

Hims & Hers Health, Inc. Class A (HIMS) 
Company Research Source: Seeking Alpha
America on Thursday defended Hims & Hers Health ( NYSE: HIMS ), which recently announced a similar product line and sold off on the news. Last month, the San Francisco, California-based telehealth platform launched compounded GLP-1s containing semaglutide, the active pharmaceutical ingredient of Novo Nordisk's ( NVO ) popular weight loss drugs Ozempic and Wegovy, at a sharp discount to branded products. On Thursday, Lilly ( LLY ) filed additional lawsuits against business entities selling compounded versions of tirzepatide, falsely referring to their products as Mounjaro and Zepbound, its FDA-approved diabetes/weight loss drugs. While HIMS expects to launch compounded tirzepatide within the next few months, BofA analyst Allen Lutz said he doesn't think the company is making misleading claims about its GLP-1 products. “Looking at HIMS' website, the company does not appear to make misleading claims about the facilities within which the compounded products are manufactured or the Show less Read more
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