Site icon Todd K Marsha

Hims Stock Tumbles As FDA Targets Its Discounted Weight-Loss Drugs

Hims Stock Tumbles As FDA Targets Its Discounted Weight-Loss Drugs

<p><&excl;-- BEGIN THEIA POST SLIDER --><&sol;p>&NewLine;<p> <br &sol;>&NewLine;<&sol;p>&NewLine;<div style&equals;"position&colon;relative" data-narration-container&equals;"true">&NewLine;<p>The U&period;S&period; Food and Drug Administration said on Friday it would take action against telehealth provider Hims &amp&semi; Hers for its &dollar;49 weight-loss pill&comma; including restricting access to the drug’s ingredients and referring the company to the Department of Justice for potential violations of federal law&period;<&sol;p>&NewLine;<p>Federal action to limit the production of compounded drugs would be a win for Novo Nordisk&comma; which has been losing share in the weight-loss market to rival Eli Lilly and telehealth firms like Hims&period; However&comma; the FDA did not make clear whether it could quickly halt the sale of Hims’ product&comma; the cheapest GLP-1 therapy on the U&period;S&period; market&period;<&sol;p>&NewLine;<p>Shares of Hims fell 14&period;1&percnt; in after-hours trade&period;<&sol;p>&NewLine;<p>The FDA said it plans to restrict GLP-1 ingredients used in non-approved compounded drugs that companies such as Hims and other compounding pharmacies have marketed as alternatives to authorized treatments&period; The agency cited concerns over quality&comma; safety and potential violations of federal law&period;<&sol;p>&NewLine;<p>On Thursday&comma; Reuters was first to report that Hims would begin offering copies of Novo Nordisk’s new Wegovy pill at an introductory price of &dollar;49 per month&comma; about &dollar;100 less than the brand name&period;<&sol;p>&NewLine;<p>Novo Nordisk later said it would take legal action against the telehealth company over its plan to sell compounded copies of the drug&period;<&sol;p>&NewLine;<p>The U&period;S&period; Department of Health and Human Services’ General Counsel&comma; Mike Stuart&comma; also said on Friday he has referred Hims &amp&semi; Hers to the Department of Justice for investigation over potential violations&period;<&sol;p>&NewLine;<p>Hims said in a statement that the company &OpenCurlyDoubleQuote;has always operated with a deep commitment to the safety and best interests of consumers and in compliance with applicable law&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We have a long history of successfully working with regulators&comma; and look forward to continuing to engage with the FDA to ensure safe access to affordable healthcare&period;”<&sol;p>&NewLine;<p>A Lilly spokesperson said the company applauded the FDA action&period; &OpenCurlyDoubleQuote;For years&comma; compounders have been putting patients at risk by unlawfully mass-producing knockoff drugs using substandard ingredients from illicit foreign suppliers and selling them without clinical evidence that they’re safe or even work&period; Patients deserve better&comma; and we look forward to decisive action by FDA&comma; other regulators&comma; and law enforcement&period;”<&sol;p>&NewLine;<p>Compounding&comma; in which pharmacies mix ingredients for specialized medicines or to copy a drug but at different dosages&comma; has flourished as Americans chase cheaper prices for drugs&period;<&sol;p>&NewLine;<p>The practice is legal under the Federal Food&comma; Drug and Cosmetic Act in certain circumstances&comma; like when prescribed by a physician to address patient side effects or during a drug shortage&period;<&sol;p>&NewLine;<p>Hims’ compounded drug is not FDA-approved and has not gone through clinical trials to prove efficacy&period;<&sol;p>&NewLine;<p>The FDA’s enforcement actions against Hims could include sending a warning letter&comma; pursuing a court injunction or conducting an administrative seizure of products&comma; said Joanne Hawana&comma; a member at Mintz&comma; Levin&comma; Cohn&comma; Ferris&comma; Glovsky and Popeo&comma; P&period;C&period;<&sol;p>&NewLine;<p>The agency would need the help of the Justice Department to pursue an injunction&comma; as it lacks independent litigation authority&comma; Hawana said&period;<&sol;p>&NewLine;<p>The FDA’s statements suggest that &OpenCurlyDoubleQuote;this announcement by Hims&comma; to the government&comma; is concerning enough that they decided they’re going to escalate&comma;” Hawana said&period;<&sol;p>&NewLine;<p>Thus far&comma; the FDA’s actions on weight-loss drugs have been limited to warning letters sent in the fall of 2025 to combat misleading direct-to-consumer advertising and marketing&period;<&sol;p>&NewLine;<p>Commissioner Marty Makary said in a statement on Friday that the agency will &OpenCurlyDoubleQuote;use all available compliance and enforcement tools within its authorities to address unsubstantiated claims and associated public health concerns&period;”<&sol;p>&NewLine;<p>The health regulator said that&comma; in promotional materials&comma; companies cannot claim that non-FDA-approved compounded products are generic versions or the same as drugs approved by FDA&period;<&sol;p>&NewLine;<p>It added that &OpenCurlyDoubleQuote;they also cannot state compounded drugs use the same active ingredient as the FDA-approved drugs or that compounded drugs are clinically proven to produce results for the patient&period;”<&sol;p>&NewLine;<p>&lpar;Reporting by Siddhi Mahatole in Bengaluru and Leah Douglas in Washington&semi; additional reporting by Amina Niasse in New York&semi; Editing by Alan Barona and David Gregorio&rpar;<&sol;p>&NewLine;<&sol;div>&NewLine;<p><br &sol;>&NewLine;<br &sol;><a href&equals;"https&colon;&sol;&sol;www&period;dailywire&period;com&sol;news&sol;hims-stock-tumbles-as-fda-targets-its-discounted-weight-loss-drugs">Source link <&sol;a><&sol;p>&NewLine;<p><&excl;-- END THEIA POST SLIDER --><&sol;p>&NewLine;

Exit mobile version