Novo, Lilly sputter as Hims launches knockoff GLP-1 pill

biopharmadive
2026.02.08 01:44
portai
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Hims & Hers Health has launched a copycat version of Novo Nordisk's obesity pill, Wegovy, using the same active ingredient, semaglutide, but at a lower price. Novo has criticized this move as illegal and a threat to patient safety, threatening legal action. The FDA has warned against illegal copycat drugs, emphasizing the risks of unapproved medications. The launch has negatively impacted the stock prices of both Novo and Lilly, as Novo's market share has been affected by compounding pharmacies. Analysts note the potential risks and uncertainties associated with compounded drugs compared to FDA-approved products.