following the announcement that Novo Nordisk (NVO) and Eli Lilly (LLY) have negotiated to reduce the price of their GLP-1 weight loss drugs and agreed to make the drugs available directly to consumers through TrumpRx when the site is expected to go live to start 2026, Needham analyst Ryan MacDonald is reiterating a Hold rating on Hims & Hers Health (HIMS), arguing that the price cuts limit the company’s pricing advantage of their personalized GLP-1s. This increases Hims’ dependence on going to market with a branded GLP-1 manufacturer to remain competitive in the evolving weight loss market, the analyst contends.
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Read More on HIMS:
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- TrumpRx GLP-1 pricing ‘less bad than feared’ for Hims & Hers, says Citi
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