Why Hims & Hers Health Stock Was Falling This Week
Hims(HIMS) The Motley Fool·2024-08-30 09:52
A new threat from Eli Lilly pushed the stock lower. Shares of Hims & Hers Health (HIMS 0.61%), the online, direct-to-consumer pharmacy, were pulling back this week as investors feared that pharmaceutical companies could start encroaching on its territory. In particular, Eli Lilly (LLY -0.92%), the maker of popular GLP-1 drugs like Mounjaro, said on Tuesday that it would discount single-dose vials of its Zepbound GLP-1 weight loss drug in response to high demand. The news was seen as a competitive threat to ...