Hims shares rise following ‘surprising and inevitable’ deal with Eli Lilly

Hims & Hers Health (HIMS) signed a deal with Eli Lilly (LLY) on Friday to sell the company’s obesity drugs, further entrenching itself in the GLP-1 brand space. Hims stock jumped 8% to 26, while Lilly stock fell less than 1% to 1,354.49. The deal will see Hims sell Lilly’s Zepbound and Foundayo on its telehealth platform. It follows a…

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