{"id":1839,"date":"2024-05-20T18:00:31","date_gmt":"2024-05-20T18:00:31","guid":{"rendered":"https:\/\/ventil.rs\/blog\/health\/hims-hers-says-its-selling-a-glp-1-weight-loss-drug-for-85-less-than-wegovy-heres-the-price\/"},"modified":"2024-05-20T18:00:31","modified_gmt":"2024-05-20T18:00:31","slug":"hims-hers-says-its-selling-a-glp-1-weight-loss-drug-for-85-less-than-wegovy-heres-the-price","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/health\/hims-hers-says-its-selling-a-glp-1-weight-loss-drug-for-85-less-than-wegovy-heres-the-price\/","title":{"rendered":"Hims &#038; Hers says it&#8217;s selling a GLP-1 weight loss drug for 85% less than Wegovy. Here&#8217;s the price."},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p>Direct-to-consumer pharmaceutical startup Hims &amp; Hers Health <a href=\"https:\/\/investors.hims.com\/news\/news-details\/2024\/Hims--Hers-Announces-Access-to-GLP-1-Injections-Passing-Cost-Savings-Onto-Customers\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">said<\/a> it is selling injectable GLP-1 weight loss drugs for a fraction of the cost of <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/weight-loss-ozempic-drugs-consumer-demand-restaurants-food\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\" rel=\"noopener\">brand-name competitors<\/a><\/span>\u00a0such as Wegovy and Ozempic. Following the announcement, shares of the telehealth company soared more than 30% Monday.<\/p>\n<p>Hims &amp; Hers will provide patients with compounded GLP-1 drugs that start at $199 a month, or about 85% less than brand-name versions like Ozempic and Wegovy. The injectables use the same active ingredients as the branded versions, which currently are in\u00a0<a href=\"https:\/\/www.novonordisk-us.com\/products\/product-supply-update.html\/1000#:~:text=doses%20through%20September.-,We%20do%20not%20currently%20anticipate%20supply%20interruptions%20of%20the%201.7,of%20action%20and%20options%20available.\" target=\"_blank\" rel=\"nofollow noopener\">short supply<\/a> in some doses.<\/p>\n<p>Shares of Hims &amp; Hers soared $4.21, or 29%, to $18.79 in Monday afternoon trading.<\/p>\n<aside class=\"newsletter_signup \">\n<figure class=\"embed embed--type-newsletter-widget embed--float-none embed--size-large embed--type-iframe\" data-ads=\"{\" wordcount=\"\">\n<\/figure>\n<\/aside>\n<p>GLP-1 drugs, which stands for glucagon-like peptide 1 agonists, help people feel fuller and less hungry, aiding their efforts to lose weight. But the brand-name versions made by a handful of pharmaceutical companies can be pricey, with Novo Nordisk&#8217;s Wegovy costing about $1,350 a month, or more than $16,00 a year, without insurance, according to <a href=\"https:\/\/www.goodrx.com\/wegovy\/wegovy-for-weight-loss-cost-coverage\" target=\"_blank\" rel=\"nofollow noopener\">GoodRx<\/a>.\u00a0<\/p>\n<p>Hims &amp; Hers Health&#8217;s may also beat out competitors on another key metric: availability. The startup said its GLP-1 injectable drug, which is made in partnership with a manufacturer of compounded injectable medications, will have &#8220;consistent&#8221; availability.<\/p>\n<p>The company added that it will also sell brand-name versions of GLP-1 drugs, once supply rebounds.\u00a0<\/p>\n<p>&#8220;We&#8217;ve leveraged our size and scale to secure access to one of the highest-quality supplies of compounded GLP-1 injections available today,&#8221; Hims &amp; Hers Health CEO and co-founder Andrew Dudum said in a statement Monday. &#8220;We&#8217;re passing that access and value along to our customers, who deserve the highest standard of clinical safety and efficacy to meet their goals, and we&#8217;re doing it in a safe, affordable way that others can&#8217;t deliver.&#8221;<\/p>\n<p>Customers will need a prescription from their medical provider, based on what is &#8220;medically appropriate and necessary for each patient,&#8221; the company said.\u00a0<\/p>\n<p>The company is tapping an opportunity to profit by tapping into Americans&#8217; desire to slim down. It already has an existing weight-loss program that is on track to bring in more than $100 million in revenue by 2025, with the program selling oral weight-loss medications for about $79 per month.<\/p>\n<p>Compounded drugs are made by pharmacists to tailor a medication to a patient or if some drugs are in short supply. To be sure, the Food and Drug Administration <a href=\"https:\/\/www.fda.gov\/drugs\/postmarket-drug-safety-information-patients-and-providers\/medications-containing-semaglutide-marketed-type-2-diabetes-or-weight-loss\" target=\"_blank\" rel=\"nofollow noopener\">warns<\/a> that patients should not use compounded drugs when approved drugs are available to patients.<\/p>\n<p>The agency does not review compounded GLP-1 medications for safety, and said it has received &#8220;adverse event reports&#8221; from patients who have used compounded semaglutide medications.\u00a0<\/p>\n<p>Some consumers have turned to compounded versions of the medications as demand for brand name drugs like Wegovy, Ozempic and Eli Lilly&#8217;s Mounjaro, dubbed &#8220;miracle drugs&#8221; by users who have slimmed down, <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/ozempic-type-2-diabetes-drug-weight-loss-supply-shortage\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\" rel=\"noopener\">soars and strains supply<\/a><\/span>. <\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p><!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/search\/author\/megan-cerullo\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Megan Cerullo<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24\/7 to discuss her reporting.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/hims-hers-glp-1-weight-loss-drug-199-wegovy-price\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Direct-to-consumer pharmaceutical startup Hims &amp; Hers Health said it is selling injectable GLP-1 weight loss drugs for a fraction of the cost of brand-name competitors\u00a0such as Wegovy and Ozempic. Following the announcement, shares of the telehealth company soared more than 30% Monday. Hims &amp; Hers will provide patients with compounded GLP-1 drugs that start at&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/ventil.rs\/blog\/health\/hims-hers-says-its-selling-a-glp-1-weight-loss-drug-for-85-less-than-wegovy-heres-the-price\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Hims &#038; Hers says it&#8217;s selling a GLP-1 weight loss drug for 85% less than Wegovy. Here&#8217;s the price.&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":1840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2023\/12\/14\/12e44d81-5ec7-4063-8360-84beadf4e09e\/thumbnail\/1200x630\/b3b1f3d6c07c00a684728b43a808667d\/1213-en-weight-loss.jpg?v=dac66bdad19d0be8e87f46552b582682","fifu_image_alt":"","footnotes":""},"categories":[4],"tags":[1234,1233],"class_list":["post-1839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-ozempic","tag-wegovy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v22.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hims &amp; Hers says it&#039;s selling a GLP-1 weight loss drug for 85% less than Wegovy. Here&#039;s the price. - Breaking News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ventil.rs\/blog\/health\/hims-hers-says-its-selling-a-glp-1-weight-loss-drug-for-85-less-than-wegovy-heres-the-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hims &amp; Hers says it&#039;s selling a GLP-1 weight loss drug for 85% less than Wegovy. Here&#039;s the price.\" \/>\n<meta property=\"og:description\" content=\"Direct-to-consumer pharmaceutical startup Hims &amp; Hers Health said it is selling injectable GLP-1 weight loss drugs for a fraction of the cost of brand-name competitors\u00a0such as Wegovy and Ozempic. Following the announcement, shares of the telehealth company soared more than 30% Monday. Hims &amp; Hers will provide patients with compounded GLP-1 drugs that start at...Read More &ldquo;Hims &#038; Hers says it&#8217;s selling a GLP-1 weight loss drug for 85% less than Wegovy. 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