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Why Hims & Hers Health Stock Is Crashing Today

TheMotleyFool

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Why Hims & Hers Health Stock Is Crashing Today: https://g.foolcdn.com/editorial/images/822651/crash.jpg

Shares of Hims Hers Health (NYSE: HIMS) are imploding on Monday, down 32% as of 3:03 p.m. ET. The drop comes as the S 500 rose 0.8% and the Nasdaq Composite rose 0.7%.

Novo Nordisk announced it will cut ties with Hims Hers, saying the telehealth provider can no longer sell compounded versions of its blockbuster GLP-1 weight loss drug Wegovy.

Novo Nordisk announced this morning that it is ending a partnership with Hims Hers that allowed the telehealth provider to sell Novo's blockbuster weight-loss drug, Wegovy.

Source Fool.com

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