What’s Behind This Telehealth Stock’s 198% Rally?
This company, which operates a telemedicine platform, has started to offer access to a cheaper, generic version of Ozempic.
Key Takeaways
Demand for compounded versions of weight loss drugs has been growing as patients struggle to get their hands on the branded versions;
Hims offers a version of Novo Nordisk’s semaglutide, sold as Ozempic, for a fraction of the price;
Hims’ subscriber base increased 44% year-over-year in Q3 to more than 2 million on the back of demand for compounded semaglutide.
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