Core Viewpoint - Novo Nordisk terminated its collaboration with Hims & Hers due to legal and safety concerns regarding the marketing and sale of compounded drugs, particularly Wegovy [4][5]. Group 1: Termination of Collaboration - Novo Nordisk announced the end of its partnership with Hims & Hers, stating that the latter failed to comply with legal standards and engaged in deceptive marketing practices [4][5]. - The collaboration was short-lived, lasting just over a month, and was marked by public disputes over marketing strategies [5][10]. Group 2: Impact on Hims & Hers - Following the announcement, Hims & Hers' stock plummeted nearly 35%, indicating significant investor concern over the loss of access to Wegovy [8][10]. - Hims & Hers had previously identified achieving a leadership position in the weight-loss market as a top priority, with the integration of Wegovy through NovoCare being a key strategy [9]. - The company will now only be able to offer a personalized compounded version of Wegovy, which limits its ability to provide this popular weight-loss drug [10]. Group 3: Impact on Novo Nordisk - Novo Nordisk's share price fell approximately 5% following the termination of the deal, reflecting a more muted impact compared to Hims & Hers [11]. - The company plans to continue working with other telehealth platforms to provide access to Wegovy while ensuring patient safety [12].

Eli Lilly & Co. LLY shares staged their sharpest single-day rally in nearly 25 years Thursday, after unveiling data from a pivotal trial that could cement its leadership in a weight-loss drug market projected to more than triple in size by 2030. The stock surged, closing the day up 14.36% to $839.96, marking its best performance since June 2000.In a Thursday note, Goldman Sachs analyst Asad Haider, CFA said Eli Lilly's first Phase 3 trial of orforglipron — a once-daily oral treatment for type 2 diabetes and ...

Investors are running into Viking Therapeutics (NASDAQ: VKTX) this week after an incident of drug-induced liver injury pushed Pfizer (NYSE: PFE) into terminating the development of its weight-loss pill.Viking’s share price has gained % in recent sessions on speculation that PFE will now resort to an acquisition to expand its footprint in the weight-loss space.Viking Therapeutics is currently testing an oral as well as an injectable GLP-1 drug. Plus, its stock has tanked nearly 50% this year, which makes it ...