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HIMS
CNBC
41 days

Hims & Hers to offer generic semaglutide in Canada as Novo Nordisk patent lapses

1. Hims & Hers will offer generic semaglutide in Canada post-Novo Nordisk's patent expiry. 2. The Canadian semaglutide market is projected to grow to $4.03 billion by 2035. 3. Hims will prioritize affordable and personalized weight loss care solutions in Canada. 4. The company's recent acquisition of Zava expands its telehealth services in Europe. 5. Novo Nordisk's collaboration with Hims was terminated due to concerns over generic promotions.

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FAQ

Why Bullish?

The entry into the Canadian market with generics opens significant revenue opportunities, potentially boosting stock performance, similar to how other generics have impacted competitors in the past.

How important is it?

The article outlines significant market opportunities and business strategy shifts that could greatly influence HIMS, particularly with the introduction of generic semaglutide.

Why Long Term?

The Canadian market expansion aligns with a long-term strategic vision for growth, evidenced by projections of market revenue increases and sustained demand for weight management solutions.

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