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HIMS
Benzinga
112 days

Hims & Hers Stock Surges As It Collaborates With Novo Nordisk To Sell Weight Loss Drug Wegovy On Its Platform

1. HIMS and Novo Nordisk announced a long-term collaboration for weight loss. 2. Wegovy is now available via HIMS’ platform for $599 monthly. 3. HIMS' GLP-1 weight loss solutions generated over $225 million in revenue. 4. Partnership improves access to ongoing care and nutrition guidance. 5. HIMS stock surged 35.5% to $38.60 during premarket trading.

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FAQ

Why Bullish?

The collaboration enhances HIMS' product offerings and revenue potential, akin to previous partnerships that led to stock increases, such as their tie-up with other pharmaceutical companies.

How important is it?

The news significantly impacts HIMS through expanded offerings and access to popular medications, indicating strong market relevance.

Why Long Term?

The integration with Novo Nordisk's Wegovy is expected to yield sustained revenue growth, similar to how previous innovations in health tech have benefited companies like Teladoc Health over time.

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