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A screenshot from Hims & Hers' website. (Sherwood News)
A screenshot from Hims & Hers' website. (Sherwood News)

Hims to begin selling GLP-1 microdosing treatments

The company reports earnings results next Monday.

Hims & Hers said Wednesday that it will begin offering GLP-1 “microdosing treatments,” doubling down on selling copycat versions of the blockbuster weight-loss drugs made by Novo Nordisk.

“Microdosing” GLP-1s generally refers to taking less than the typical doses, perhaps to save money or reduce side effects, though Hims bills it as a treatment for general “metabolic health.” The microdose treatment will cost the same as the rest of its compounded GLP-1s, currently $1,200 for a six-month plan paid up front.

Hims currently offers compounded semaglutide, the active ingredient in Novo’s Wegovy, at doses similar to those made by Novo. Hims says its providers will now be able to offer GLP-1 microdosing treatment plans, which are presumably at a significantly different dose than those manufactured by Novo, to treat a broader range of conditions. They will be offered “to people based on factors beyond BMI, including genuine metabolic health risks, like sleep apnea or high blood pressure,” the company said.

Hims saw massive growth last year when it began selling copies of Wegovy, which it was able to do without many barriers while the drug was in a shortage. But once the supply chain issues waned and the shortage was declared over earlier this year, Hims continued to sell what it calls “personalized” versions of Wegovy — typically just dose sizes that Novo doesn’t offer.

Novo at one point struck a deal with Hims to distribute Wegovy at a cheaper cash-pay price, but the drugmakers abruptly called off the deal in June and accused Hims of “illegal mass compounding and deceptive marketing.” Since then, speculation that Novo might sue Hims has lingered, with traders on Kalshi pegging the odds at about 24% by the end of the year.

Meanwhile, the FDA sent Hims and other companies that sell GLP-1s a warning letter last month over its marketing of compounded semaglutide.

Microdoses, like all compounded GLP-1 doses, are understudied and not approved by the Food and Drug Administration. Similar programs are offered by competing telehealth companies like Noom at comparable price points. Hims CEO Andrew Dudum takes a GLP-1 microdose, he told Bloomberg earlier this year.

Hims stock was largely flat on the news. The company reports earnings on Monday, and investors are looking for signs of revenue growth after the numbers in its last report showed deceleration.

Since then, the company has introduced testosterone treatments and menopause regimens as its core sexual health business slows down and its ability to sell weight-loss treatments remains on shaky ground.

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Premium seats help push airlines higher following third-quarter results

Shares of American Airlines are climbing toward the carrier’s best trading day since August 12, when ultra-budget rival Spirit issued its initial warning about its ability to survive. American’s shares are up more than 7% on Friday afternoon.

Investors’ optimism comes a day after American posted a better-than-expected full-year earnings forecast. In a call with investors, American said that it’s ramping up its premium cabin offerings.

“Our ability to grow capacity in premium markets will be further supported as we take delivery of new aircraft and reconfigure our existing fleet. These efforts will allow us to grow our premium seats at nearly two times the rate of main cabin seats,” CEO Robert Isom said. American CFO Devin May said that nose-to-tail retrofits of certain wide-body jets will bump the number of premium seats available on those planes by 25%.

Extra legroom has been a boon for major carriers, particularly this quarter. Delta Air Lines said its premium product revenue grew 9% in Q3, compared to a 4% drop in economy seat revenue. Similarly, United Airlines said its premium revenue grew 6%, outpacing economy. Shares of both airlines were up more than 3% on Friday.

Carriers with less exposure to first- and business-class tickets like Southwest Airlines and JetBlue didn’t see the same amount of momentum on the day.

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