AnalysisHims obesity drug business may get boost as employers drop coverage

Image for article AnalysisHims obesity drug business may get boost as employers drop coverage
News Source : Yahoo Entertainment

News Summary

  • Soaring use of the medications has pushed up costs ‌for employers.
  • Some plan to tell employees they will no longer pay for them in 2027, experts say.
  • Instead, employees are expected to purchase direct-to-consumer products.
  • Hims had become one of the largest u.s. telehealth providers of weight-loss drugs.
  • of Novo Nordisk's Wegovy and Eli Lilly's Zepbound and Foundayo.
  • The company missed earnings and revenue targets last quarter as it adjusted to new compounding rules with the branded drugs no longer in shortage.

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