Competitive Pricing PressureThe starter doses of Wegovy/Ozempic are now the same price as HIMS’ compounded semaglutide, which is likely to pressure compounded GLP-1 adoption all else equal.
Order DeclineTotal orders declined ~18% y/y vs. ~16% y/y in October, reflecting an ~8% m/m decline.
Regulatory ConcernsThe bill introduced aims to curtail compounding practices by clarifying that any compounded drug containing the same active ingredient as an approved medicine is 'essentially a copy.'