BUZZ-Hims & Hers Health falls; JP Morgan Chase cuts stake in co

Reuters

03/06

** Shares of teleheath firm Hims & Hers Health HIMS.N fall 3.8% to $15.83

** Wall Street titan JPMorgan Chase JPM.N has cut its stake in HIMS from 8.1% to 1.7%, a regulatory filing showed as of February 27

** Hims has faced a wave of controversies in recent weeks after announcing and quickly withdrawing a $49 compounded version of Novo Nordisk’s NOVOb.CO weight‑loss drug Wegovy, following legal threats and regulatory scrutiny

** The company when reporting earnings said it would be facing a $65 million burden in the first quarter from changes in the shipping of weight-loss products, which must be personalized for each prescription based on U.S. law

** Including session's move, HIMS stock has halved YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Hims &amp; Hers Health falls; JP Morgan Chase cuts stake in co  </title></head><body><p>** Shares of teleheath firm Hims &amp; Hers Health  <span>HIMS.N</span> fall 3.8% to $15.83</p><p>** Wall Street titan JPMorgan Chase  <span><a href=\"https://laohu8.com/S/JPM\">JPM</a>.N</span> has cut its stake in HIMS from 8.1% to 1.7%, a regulatory filing showed as of February 27</p><p>** Hims has faced a wave of controversies in recent weeks after <span>announcing</span> and quickly <span>withdrawing</span> a $49 compounded version of <a href=\"https://laohu8.com/S/NVO\">Novo Nordisk</a>’s  <span>NOVOb.CO</span> weight‑loss drug Wegovy, following legal threats and regulatory scrutiny</p><p>** The company when <span>reporting earnings</span> said it would be facing a $65 million burden in the first quarter from changes in the shipping of weight-loss products, which must be personalized for each prescription based on U.S. law</p><p>** 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JP Morgan Chase cuts stake in co  ** Shares of teleheath firm Hims & Hers Health  HIMS.N fall 3.8% to $15.83** Wall Street titan JPMorgan Chase  JPM.N has cut its stake in HIMS from 8.1% to 1.7%, a regulatory filing showed as of February 27** Hims has faced a wave of controversies in recent weeks after announcing and quickly withdrawing a $49 compounded version of Novo Nordisk’s  NOVOb.CO weight‑loss drug Wegovy, following legal threats and regulatory scrutiny** The company when reporting earnings said it would be facing a $65 million burden in the first quarter from changes in the shipping of weight-loss products, which must be personalized for each prescription based on U.S. law** Including session's move, HIMS stock has halved YTD  (Reporting by Padmanabhan Ananthan) ((Padmanabhan.Ananthan@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}