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Hims jumps after RFK Jr. announces FDA may loosen regulations for 12 peptides

Hims & Hers rose more than 13% on Wednesday and continued to rise in premarket trading on Thursday after Health Secretary Robert F. Kennedy Jr. said that the Food and Drug Administration may ease restrictions on 12 peptides.

The move would allow compounding pharmacies to dispense the list of peptides, which have grown in popularity but are currently available only through suppliers who sell them for research purposes.

Hims and other consumer health companies have positioned themselves to begin selling peptides after getting the FDA nod.

CEO Andrew Dudum told investors in February that the company is actively exploring expanding into “peptide therapies.” The company has a network of its own compounding pharmacies, as well as a peptide facility in California that it acquired last year.

“Our medical team believes certain peptide therapies hold meaningful potential in helping Americans live healthier lives, and we are actively exploring how to expand access in a way that will be aligned with FDA guidance and reflects our commitment to consumer safety, transparency, and clinical excellence,” Hims Chief Medical Officer Dr. Pat Carrol said in a statement Wednesday.

Hims rallied on the news, though the stock was still down more than 20% from the start of the year through yesterdays close, taking a massive hit after its botched rollout of a copycat Wegovy pill.

Hims and other consumer health companies have positioned themselves to begin selling peptides after getting the FDA nod.

CEO Andrew Dudum told investors in February that the company is actively exploring expanding into “peptide therapies.” The company has a network of its own compounding pharmacies, as well as a peptide facility in California that it acquired last year.

“Our medical team believes certain peptide therapies hold meaningful potential in helping Americans live healthier lives, and we are actively exploring how to expand access in a way that will be aligned with FDA guidance and reflects our commitment to consumer safety, transparency, and clinical excellence,” Hims Chief Medical Officer Dr. Pat Carrol said in a statement Wednesday.

Hims rallied on the news, though the stock was still down more than 20% from the start of the year through yesterdays close, taking a massive hit after its botched rollout of a copycat Wegovy pill.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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