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Are they still giving out the knockoff glp pills with every handi purchase? Just asking for a friend
They didn’t make any money until compounding GLP-1’s. Now they can’t make it and are being sued for doing it. Hard to see why I’d buy it at a $4.5B valuation and it’s about to start to lose money again.
How do you know it won’t go down to 8? The big money was coming from GLP drugs right? And now that stream is gone forever. So they are now like 100 times less profitable? So who says they are worth anything
Also there is a good amount of months between now and the midterms, if everyone on cheap teleheath GLP-1 gets cut off and it gets pinned on Trump's FDA, there could be some push back in the pills
This is all in a funky area. For those that don't know these are mimic drugs to mimic human GLP-1 that occurs naturally. So the amount that can be patented or is open to compounding has been a bit of a shoulder shrug question with camps trying to sway opinions over the billions tied up in this. We all seem to agree we can't really patent an Iron supplement for example, but synthetic antibodies have been heavily patented.
RO health literally had a superbowl commercial advertising compounded GLP-1 with serena williams.
“I know. Let’s not even pretend to do something different. Let’s make an exact copy of the pill. oral GLP-1s are too complicated to do anything but copy it.  We’ll just undercut price by 25% and make bank. “
The only reason that the FDA allowed these compounders was because there was a shortage of GLP-1s. That shortage ended last year. It is fully illegal for them to do this. I'm surprised it look the FDA this long to crack down. Tried shorting them last year, but RFK Jr. doesn't know what he's doing
Bullshit. It's not that complicated. HIMS got greedy with compounds when supply was scarce, fucked Novo, and continued to be greedy after the shortage was over, violating the FDA's Section 503. Now, with the restriction of GLP-1, HIMS fucked themselves out of a lucrative deal with Novo over compound drug profits, and now the compounds are gone, and they're being sued by Novo, who saved them for last in an effort to establish precedent with their other lawsuits. HIMS is fucked.
Also they may need to cough up a lot of those GLP-1 profits and maybe more in any settlement.
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