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Class Action Filed Against Hims & Hers Health, Inc. (HIMS) - August 25, 2025 Deadline to Join – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-07-10 20:53
Core Viewpoint - Hims & Hers Health, Inc. is facing a class action lawsuit due to allegations of misleading statements and deceptive practices related to the promotion of illegitimate products, which may jeopardize its collaboration with Novo Nordisk [3]. Summary by Relevant Sections Allegations - The complaint claims that during the class period from April 29, 2025, to June 23, 2025, Hims engaged in deceptive promotion and selling of illegitimate versions of Wegovy®, risking patient safety [3]. - It is alleged that this conduct poses a substantial risk of termination of the company's collaboration with Novo Nordisk [3]. - The positive statements made by the defendants regarding the company's business and prospects are claimed to be materially misleading and lacking a reasonable basis [3]. Class Action Details - Shareholders who purchased HIMS shares during the specified class period are encouraged to register for the class action, with a deadline set for August 25, 2025 [4]. - Registration allows shareholders to be enrolled in a portfolio monitoring system for updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
CLASS ACTION REMINDER: Berger Montague Advises Hims & Hers Health Inc. (NYSE: HIMS) Investors to Inquire About a Securities Fraud Lawsuit by August 25, 2025
Prnewswire· 2025-07-10 20:06
Core Viewpoint - Hims & Hers Health Inc. is under investigation for potential securities fraud following the termination of its partnership with Novo Nordisk due to allegations of deceptive marketing and selling unapproved products [2][3] Group 1: Company Actions and Allegations - Hims & Hers is accused of making materially false or misleading statements regarding its GLP-1 offerings and the partnership with Novo Nordisk during the class period from April 29, 2025, to June 22, 2025 [3] - The termination of the partnership with Novo Nordisk led to a significant decline in Hims & Hers' stock price, dropping over 34% in intraday trading, indicating investor concerns about regulatory compliance and reputational risks [2] Group 2: Legal Proceedings - Berger Montague is investigating potential securities fraud claims against Hims & Hers, with a deadline for investors to seek lead plaintiff status by August 25, 2025 [1] - The investigation focuses on whether Hims & Hers and certain executives violated federal securities laws by providing false or misleading information to investors [3]
Shareholders that lost money on Hims & Hers Health, Inc.(HIMS) should contact The Gross Law Firm about pending Class Action - HIMS
Prnewswire· 2025-07-10 13:00
Core Viewpoint - Hims & Hers Health, Inc. is facing allegations of deceptive practices related to the promotion and sale of illegitimate versions of Wegovy®, which may jeopardize its collaboration with Novo Nordisk and mislead investors about the company's prospects [2]. Group 1: Allegations and Legal Action - The class period for the allegations against Hims & Hers Health, Inc. is from April 29, 2025, to June 23, 2025 [2]. - Allegations include that Hims engaged in deceptive promotion and selling of illegitimate versions of Wegovy®, risking patient safety [2]. - The complaint suggests that the misleading statements made by the defendants about the company's business and operations lacked a reasonable basis [2]. Group 2: Shareholder Information - Shareholders who purchased shares during the class period are encouraged to register for potential lead plaintiff appointment, with a deadline of August 25, 2025 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [3]. - Participation in the case incurs no cost or obligation for shareholders [3]. Group 3: Law Firm's Role - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].
HIMS COURT NOTICE: Hims & Hers Health, Inc. Investors may have been Affected by Fraud – Contact BFA Law by the August 25 Legal Deadline (NYSE:HIMS)
GlobeNewswire News Room· 2025-07-10 12:18
Core Viewpoint - A lawsuit has been filed against Hims & Hers Health, Inc. and its senior executives for potential violations of federal securities laws, following allegations of misrepresentation regarding a partnership with Novo Nordisk [1][2][4]. Group 1: Lawsuit Details - Investors have until August 25, 2025, to request to lead the case, which is pending in the U.S. District Court for the Northern District of California [2]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Hims & Hers securities [2]. - Two complaints have been filed, with the first case titled Sookdeo v. Hims & Hers Health, Inc., and a subsequent similar complaint titled Yaghsizian v. Hims & Hers Health, Inc. [2]. Group 2: Company Operations and Allegations - Hims & Hers operates a telehealth platform providing online consultations, prescription medications, and wellness products [3]. - The company announced a collaboration with Novo Nordisk to sell the weight loss drug Wegovy, which contains the active ingredient semaglutide [3]. - Allegations state that Hims & Hers misrepresented the nature of its partnership with Novo Nordisk and claimed compliance with FDA regulations regarding the sale of compounded semaglutide [4]. Group 3: Stock Impact - Following the announcement of the termination of the partnership by Novo Nordisk due to Hims & Hers' alleged deceptive practices, the stock price fell by $22.24, a decline of over 34%, from $64.22 to $41.98 per share [5].
Hims & Hers Health, Inc. (HIMS) Faces Securities Class Actions After Novo Nordisk Cancels Partnership Over “Deceptive” Marketing of Wegovy – Hagens Berman
GlobeNewswire News Room· 2025-07-09 21:19
Core Viewpoint - Hims & Hers Health, Inc. is facing two securities class action lawsuits due to allegations of deceptive marketing practices and failure to disclose critical information, particularly related to its collaboration with Novo Nordisk and the weight loss drug Wegovy® [1][4][5] Group 1: Lawsuits and Allegations - Two class action lawsuits were filed against Hims & Hers Health, Inc. and certain executives, representing investors who acquired securities between April 29, 2025, and June 23, 2025 [1] - The lawsuits allege that Hims & Hers made false and misleading statements and engaged in deceptive promotion of knockoff versions of Wegovy®, which jeopardized patient safety and led to the termination of its collaboration with Novo Nordisk [4][5] - The lawsuits were prompted by Novo Nordisk's announcement on June 23, 2025, that it terminated its collaboration due to concerns over Hims & Hers' illegal practices and deceptive marketing [2][5] Group 2: Investor Impact and Actions - Following the termination of the collaboration, Hims & Hers shares experienced a significant decline of 30% [2] - Hagens Berman, a national shareholders rights firm, is investigating the claims and encourages affected investors to submit their losses [3][6] - The lead plaintiff deadline for the lawsuits is set for August 25, 2025 [3] Group 3: Whistleblower Information - Individuals with non-public information regarding Hims & Hers are encouraged to assist in the investigation or consider the SEC Whistleblower program, which offers rewards for original information leading to successful recoveries [7]
Hims & Hers to offer generic semaglutide in Canada starting in 2026
Proactiveinvestors NA· 2025-07-09 16:13
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Novo Nordisk’s Canadian drug patent lapses, opening market for Hims & Her Health
CNBC Television· 2025-07-09 15:50
Market Opportunity - A $450 licensing fee oversight by Novo Nordisk opened a billion-dollar weight loss market opportunity in Canada [1] - Hims and Hers plans to expand to Canada in 2026, offering a generic semaglutide drug [3] - The semaglutide market in Canada generated $1.18 billion in revenue in 2024 and is estimated to reach $4 billion in the next decade [3] Patent and Regulatory Landscape - Novo Nordisk will lose its exclusive patent on semaglutide in Canada next January due to a missed licensing fee payment [1] - The patent could have lasted until 2032 if Novo Nordisk had maintained the annual fee payments [2] - The last fee payment was made in 2018, and Novo Nordisk received a notification in 2019 with a one-year deadline to pay [2] - Hims and Hers is working with an approved partner to comply with local laws and regulations in Canada [4] Company Statements - Novo Nordisk refutes the characterization of the patent lapse as a mistake, stating exclusivity ends as part of a drug's normal life cycle [4] - Hims and Hers expects to launch a semaglutide drug in Canada in 2026, though confirmation is pending [4]
X @Bloomberg
Bloomberg· 2025-07-09 14:01
Hims & Hers Health shares rose after the telehealth company announced plans to expand into Canada next year, timed with the anticipated availability of generic semaglutide. https://t.co/Tf5Ox3DVpj ...
Hims & Hers to offer generic semaglutide in Canada as Novo Nordisk patent lapses
CNBC· 2025-07-09 13:00
Core Insights - Hims & Hers Health is set to offer generic semaglutide in Canada as Novo Nordisk's patent on Ozempic and Wegovy is expiring in January [1][2] - The company aims to provide affordable and high-quality weight loss care, emphasizing accessibility and personalized care [2] - The Canadian semaglutide market generated $1.18 billion in 2024 and is projected to grow to $4.03 billion by 2035 [4] Company Strategy - Hims & Hers is entering the Canadian market for the first time, joining other drugmakers capitalizing on the expired patent of GLP-1 drugs [2] - The company is collaborating with an approved partner to ensure compliance with local laws and regulations regarding the generic semaglutide [5] Market Context - Generic semaglutide is a copy of the brand-name drugs Ozempic and Wegovy, offering the same efficacy and safety standards once the patent expires [3] - The approval process for generic semaglutide is underway in Canada, although no generic version has been approved yet [4][5]
大摩:Hims(HIMS.US)目标价40美元存18%下行空间,GLP-1诉讼拉锯战成最大变数
Zhi Tong Cai Jing· 2025-07-09 08:02
关于诉讼前景,专业人士均认为,法院可能允许案件继续审理,即使礼来当前的主张存在瑕疵,也可能 通过修正后重新提起诉讼。专家指出,礼来在佛罗里达州提起的诉讼中,关于配药公司贬低其品牌形象 的主张可能最具胜算。此外,专家还提到,FDA于6月26日更新了禁止配药清单,但GLP-1类药物未被 列入,这可能成为配药公司反驳礼来"越权指控"的有力证据。 大摩强调,目前礼来和诺和诺德尚未对配药公司提起专利侵权诉讼,但专家普遍认为,专利侵权诉讼未 来仍有可能发生。由于专利侵权属于严格责任范畴,配药公司难以证明其使用司美格鲁肽(semaglutide) 或替尔泊肽(tirzepatide)未构成侵权。一旦败诉,配药公司可能面临高达三倍赔偿的惩罚性赔偿。 在估值方面,大摩给予Hims的目标价基于2026年营收预期的3倍市销率(EV/S),以及0.08倍的市销率增 长率(EV/S/G)。该行认为,相较于其他数字健康和直接面向消费者(DTC)医疗公司,这一估值存在一定 折价,但也反映出公司当前面临的不确定性风险。 大摩指出,Hims未来面临的主要上行风险包括:用户增长超预期、成功拓展减肥和激素替代疗法(HRT) 等高潜力市场,以及平台 ...