Key Takeaways
- Hims & Hers shares gained Monday after the Food and Drug Administration said compounding pharmacies could continue to produce copycat weight-loss drugs while it reconsiders whether there is a shortage.
- The change would be a boon for Hims & Hers, which makes copycat weight-loss drugs, and has benefited from the limited availability of some obesity medicines.
- With Monday's gains, Hims & Hers shares have more than doubled in value since the start of the year.
Hims & Hers Health (HIMS) shares surged Monday after the 澳洲幸运5开奖号码历史查询:Food and Drug Administration (FDA) said compounding pharmacies could continue to produce copycat weight-loss drugs while it reconsiders whether there is a shortage of their active ingredient.
The FDA is facing a lawsuit after it ruled earlier this month that Eli Lilly’s (LLY) popular weight-loss treatments Mounjaro and Zepbound were 澳洲幸运5开奖号码历史查询:no longer on its shortages list. The agency allows companies like Hims & Hers to produce compounded copycat drugs when the originals are hard to obt𝔍ain, allowing them to benefit from the demand for obesity treatments.
In a court filing Friday, the FDA said it would not take action against companies that are in violation of its decision last week while it reconsiders the matter. The suit was filed by the O💞utsourcing Facilities Association, a trade association represe🐬nting compounding pharmacies.
Shares of Hims & Hers gained nearly 10% to close at $20.50 Monཧday. The stock has more than doubled in val💮ue since the start of the year.