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Hims & Hers stock plunges after weight loss pill pulled

CBS America · 2 months ago
CBS America
CBS America
2 months ago

Stocks for Hims & Hers fell on Monday after the company pulled its $49 weight loss pill that's under FDA scrutiny.

Breakdown
  • Hims & Hers stock fell over 16% after halting weight loss pill sales 18s
  • FDA cracked down on compounded drugs; Novo Nordisk filed a lawsuit 46s
  • Pill used GLP-1 ingredients and was cheaper than name brands 37s
  • Stock closed at $19, down from $68 last year 1m 7s
  • Hims & Hers claims Big Pharma is limiting consumer choice 1m 41s
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