Hims Launches Generic Semaglutide In Canada <\/p>\n
Hims said Canadians can now access generic Semaglutide, the active ingredient behind Novo\u2019s blockbuster diabetes and weight-loss drugs Ozempic and Wegovy, through its telehealth platform as part of its weight-loss program.<\/p>\n
The launch comes after\u00a0Novo Nordisk’s failure to pay a C$250 patent maintenance fee in Canada, allowing its Semaglutide patent to lapse years earlier than expected. Earlier this month, Health Canada approved the first generic semaglutide product in the G7, authorizing versions from companies including Dr. Reddy’s Laboratories and Canada-based Apotex.<\/p>\n
Hims & Hers said the generic drug offered through its platform is manufactured by Apotex, marking the company\u2019s first international rollout of a generic GLP-1. The company\u2019s personalized treatment plans in Canada will start at C$149 per month if prescribed by a licensed healthcare provider, significantly below the estimated C$200-C$400 monthly cost range for branded Ozempic, depending on dosage and insurance coverage.<\/p>\n
The obesity-care program offered by Hims combines access to medication with ongoing support and evidence-based guidance on nutrition, movement, and sleep.<\/p>\n
HIMS Diversifies Beyond GLP-1 Drugs <\/p>\n
The Canadian expansion also marks another turn in Hims & Hers\u2019 rapidly growing GLP-1 strategy. The company had previously leaned heavily into compounded weight-loss drugs during U.S. shortages for Wegovy and Eli Lilly\u2019s Zepbound. Hims struck a deal with Novo Nordisk earlier this year to offer branded GLP-1 drugs directly through its U.S. telehealth platform after the companies resolved a Novo patent infringement lawsuit for compounded Semaglutide marketing.<\/p>\n
Story Continues <\/p>\n
Hims has since expanded its partnerships with major drugmakers, offering branded therapies, including Wegovy, Ozempic, Zepbound, and Mounjaro, through its platform, alongside newer generic offerings.<\/p>\n
Beyond GLP-1s, Hims has expanded into hormone health with offerings such as Testosterone Rx+, a daily hormone-support pill that combines enclomiphene with zinc, vitamins, and L-arginine. Peptides are also a potential future growth category for Hims, particularly ahead of upcoming FDA discussions around peptide compounds that may remain eligible for compounding.<\/p>\n
The GLP-1 Weight War Gets Heavier <\/p>\n
The Canadian generic rollout also comes as the race between Novo Nordisk and Eli Lilly heats up in the global GLP-1 market, which has quickly become one of the pharma industry\u2019s red-hot sectors. Novo\u2019s Semaglutide portfolio, including Ozempic, Wegovy, and Rybelsus, is one of the largest GLP-1 franchises in the U.S. market, with the country accounting for over two-thirds of global Semaglutide revenue.<\/p>\n
Meanwhile, Lilly has gained ground with Zepbound and Mounjaro, with Mounjaro recently overtaking Keytruda as the world\u2019s top-selling drug. Competition escalated further on Thursday after Lilly released new late-stage data for its newer obesity drug, Retatrutide, showing that patients lost an average of 28.3% of their body weight after 18 months of treatment. Lilly said that about 45% of patients receiving the highest dose lost at least 30% of their body weight.<\/p>\n
Lilly is positioning Retatrutide as a more powerful therapy for patients with severe obesity, potentially giving Lilly another advantage over Novo.<\/p>\n
How Do Retail Traders Feel About HIMS, NVO And LLY? <\/p>\n
On Stocktwits, retail sentiment for HIMS and NVO was \u2018bearish\u2019 amid \u2018low\u2019 message volume, while LLY retail sentiment was also \u2018bearish\u2019 but with \u2018normal\u2019 message volume.<\/p>\n
HIMS sentiment and message volume as of May 22 | Source: Stocktwits <\/p>\n
Over the past year, HIMS shares are down 59% and NVO stock has fallen 33%, while LLY shares have risen 45%.<\/p>\n
For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
Read Next:\u00a0SLS Stock Tanks Hard: Retail Traders Blame Warrant Holders, ‘Flippers’ Cashing Out Before AML Catalyst\u00a0<\/a><\/p>\n Deepti Sri has no position in any of the stocks mentioned in this article. StockTwits’ news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy<\/a>. This article was originally published on StockTwits<\/a>.<\/p>\n Related:<\/p>\n","protected":false},"excerpt":{"rendered":"Hims launched generic Semaglutide in Canada, opening a lower-cost alternative to Novo Nordisk\u2019s Ozempic and Wegovy. Health Canada…\n","protected":false},"author":2,"featured_media":89291,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[271],"tags":[227,276,38483,621,20756,4460,272,689,47274],"class_list":["post-89290","post","type-post","status-publish","format-standard","has-post-thumbnail","category-novo-nordisk","tag-canada","tag-eli-lilly","tag-health-canada","tag-hims","tag-hims-hers-health","tag-inc","tag-novo-nordisk","tag-semaglutide","tag-treatment-plans"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/116616974167703905","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/89290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=89290"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/89290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/89291"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=89290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=89290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=89290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}