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Hims & Hers likely to be up on LillyDirect announcement, says Leerink

Hims & Hers (HIMS) announced access to Eli Lilly (LLY) GLP-1 products through its platform, expanding its weight-loss offering, though its exact role and profit share in the arrangement remains unclear beyond required membership participation, Leerink tells investors in a research note. While the news is likely to support the stock in the near term, limited visibility into the economic benefits leads to a maintained Market Perform rating ahead of further details expected on the upcoming call.

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