Novo Nordisk and Hims & Hers Forge Obesity Drug Partnership, Ending Legal Dispute
Novo Nordisk and Hims & Hers Health have reached a surprising détente, announcing a partnership to sell obesity drugs through Hims' telehealth platform. The deal comes just weeks after Novo filed a patent infringement lawsuit against the digital health provider.
HIMS shares surged 39% in after-hours trading following Bloomberg's initial report. The collaboration resolves multiple conflicts, including Novo's termination of an earlier agreement and FDA scrutiny over Hims' $49 compounded semaglutide offering.
The pharmaceutical giant had previously objected to Hims' marketing tactics and compounded drug sales. This abrupt reversal transforms litigants into partners, with formal terms expected to be disclosed Monday.