NEW YORK, Sept 18 (Reuters) - U.S. telehealth company
Hims & Hers Health ( HIMS ) on Wednesday said it will sell
compounded versions of Novo Nordisk's popular
weight-loss drug Wegovy to patients in certain professions for
$99 a month.
The company said the pricing would be available to eligible
U.S. military members, teachers, nurses and first responders,
including police and firefighters, as well as veterans. For
patients on a 12-month plan, Hims offers a semaglutide injection
for $199 a month, according to its website.
WHY IT'S IMPORTANT
The news comes after U.S. Senator Bernie Sanders said
multiple generic drugmakers confirmed they could sell
custom-made versions of Novo's drug for less than $100 a month
using the semaglutide.
Soaring demand for weight-loss drugs in the GLP-1 class,
which have been shown to help patients lose as much as 20% of
their weight on average, has led to shortages of the drugs that
have allowed compounders to produce them under U.S. regulations.
Around 70% of U.S. adults are either overweight or
obese, According to the World Health Organization (WHO).
CONTEXT
Ozempic and Wegovy carry high list prices of $935.77 and
$1,349.02 respectively for a month's supply, according to the
company's website. Most U.S. patients are covered by health
insurance and would likely pay less for the drugs.
Novo and rival Eli Lilly ( LLY ), which makes the
weight-loss drug Zepbound, have filed a flurry of lawsuits
against medical spas, wellness clinics and compounding
pharmacies for allegedly selling products claiming to contain
the active ingredients in their drugs.
Compounded GLP-1 injections are fulfilled and shipped from
Hims & Hers' affiliated pharmacies and are FDA-regulated, the
company said.
KEY QUOTE
"The current state of access to weight loss drugs isn't
serving everyone who needs them," said Andrew Dudum, CEO and
co-founder of Hims & Hers. "Safe and affordable healthcare
solutions for every individual should be the status quo."