Citi upgrades Hims & Hers Health (HIMS.US) rating to "Neutral", optimistic about compliance premium under Novo Nordisk agreement
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This adjustment is mainly based on a key agreement recently reached between the company and Novo Nordisk (NVO.US): by acting as an agent to sell Novo Nordisk's GLP-1 drugs for weight loss and type 2 diabetes treatment, Hims & Hers Health has significantly reduced a variety of business risks previously concerning the market, including core issues such as product pipeline singularity, market competition pressure, and compliance uncertainties.
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