Hims & Hers Health Stock Jumps as FDA Reconsiders Peptide Restrictions
Shares of Hims & Hers Health surged Thursday after the FDA signaled it would review restrictions on certain peptides—a move that’s opened up a new narrative for investors as the telehealth firm shifts focus from promoting compounded GLP-1 drugs. By early afternoon in New York, the stock was changing hands at $26.65, up $2.36 on the day. Timing is crucial for Hims, which overhauled its U.S. weight-loss plan just last month. In March, the company cut out advertising for compounded GLP-1 offerings across its platform and all marketing channels, while at the same time moving to widen access to branded therapies via a deal with Novo Nordisk.