Novo Nordisk and Hims & Hers stocks fall as GLP-1 costs raise profit worries
Both GLP-1 pill players saw their stocks slide as investors worried that rising costs are eroding the profits expected from fast growth. Hims & Hers raised full-year revenue guidance to $3.1B–$3.3B and third-quarter guidance to $880M–$900M, but gross margin fell for a fourth straight quarter. It also faces an FTC lawsuit over alleged user data misuse, while revenue rose 38% but net loss widened sharply.