BUZZ-Hims & Hers falls, set for tenth straight day of losses

Reuters

Feb 13

** Shares of telehealth company Hims & Hers Health HIMS.N fall 4% to $16.01 in afternoon trading, on track for their tenth straight day of losses

** Last week, HIMS said it would launch a $49 compounded version of Novo Nordisk's Wegovy pill for weight loss, which was then withdrawn after scrutiny from the U.S. health regulator

** Co's shares fell further after Danish drugmaker Novo sued HIMS over patent infringement of semaglutide, the active ingredient in Wegovy

** Novo has sued several compounders for allegedly selling unsafe, falsely advertised Wegovy "knockoffs" that violate its trademark rights, but the Hims lawsuit is its first U.S. patent case against a compounder

** Up to last close, HIMS down 50% YTD

(Reporting by Christy Santhosh)

((Christy.Santhosh@thomsonreuters.com))

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