Hims & Hers (HIMS) stock whipsaws on $49 Wegovy copycat pill as legal, FDA risks sharpen
Hims & Hers shares fell 3.8% to $23.48 Thursday after announcing a $49 compounded version of Novo Nordisk’s Wegovy pill, triggering early gains and then a sharp reversal. Novo warned of legal action and the FDA signaled a crackdown on “illegal copycat” drugs. Hims’ earnings are due Feb. 23.