(NewsNation) — Hims & Hers, an online pharmacy startup, announced Monday it’s introducing weight loss injections.
The online pharmacy startup will offer oral medication kits starting at $79 per month and compounded GLP-1 injections containing the same ingredients as popular brands such as Ozempic and Wegovy starting at $199 per month.
This weight loss drug will be cheaper, as Ozempic costs $935.77 monthly, and Wegovy costs about $1,300.
It’s worth noting that compounded drugs, which contain different formulations than brand-name versions, aren’t tested or approved by the FDA, but the agency said they can be created in light of shortages.
Hims & Hers’ stock rose more than 30% after the company’s announcement, Business Insider reported.
It comes after the company’s stock dropped after Palestinian American CEO Andrew Dudum said companies would be happy to hire college protesters and encouraged them to apply to Hims & Hers.
