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Novo Nordisk strikes deal for Hims to sell Wegovy and Ozempic, drops lawsuit

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Novo Nordisk agreed to sell its blockbuster Wegovy and Ozempic drugs through Hims & Hers' U.S. telehealth platform, resolving a legal dispute that erupted last month. The arrangement expands distribution for two high-demand GLP-1 products, likely improving patient access and benefiting Hims & Hers' revenue and reach while removing a litigation overhang for Novo Nordisk.

Analysis

Novo Nordisk agreed to sell its blockbuster Wegovy and Ozempic drugs through Hims & Hers' U.S. telehealth platform, resolving a legal dispute that erupted last month. The arrangement expands distribution for two high-demand GLP-1 products, likely improving patient access and benefiting Hims & Hers' revenue and reach while removing a litigation overhang for Novo Nordisk.

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