Drugmaker Novo Nordisk said on Monday it would halt its Wegovy weight-loss drug agreement with U.S. telehealth company Hims & Hers Health, pushing Hims shares down 31% in morning trading.
The two companies had announced a collaboration in April for Hims & Hers to sell Novo's Wegovy through a bundled offering on the telehealth company's platform. The end of the collaboration means Hims will no longer be able to sell branded Wegovy drugs.
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#Semaglutide
#Compounding
#Telehealth