His and her well being has donated $1 million to President-elect Donald Trump’s inauguration fund, CNBC confirmed Tuesday.
The corporate, which affords a spread of direct-to-consumer therapies for circumstances together with weight reduction, erectile dysfunction and hair loss, is the most recent in a string of tech corporations which have tried to curry favor with the brand new administration. OpenAI CEO Sam Altman and Meta each introduced $1 million donations to the inaugural fund late final yr, and Amazon And Apple CEO Tim Prepare dinner additionally reportedly contributed.
“At Hims & Hers, we stand with leaders and advocates dedicated to enhancing America’s damaged healthcare system,” the corporate stated in a press release to CNBC.
Axios first reported Hims & Hers’ donation.
Hims & Hers was a breakout star within the digital healthcare sector final yr, thanks largely to the success of its common new weight reduction providing.
The corporate started prescribing compounded semaglutide by way of its platform in Could after launching a weight-loss program in late 2023. Semaglutide is the energetic ingredient in Novo Nordisk’s blockbuster medication Ozempic and Wegovy, which might price about $1,000 a month with out insurance coverage. Compounded semaglutide is a less expensive, tailored different to the brand-name medication and might be produced when the brand-name medication are in brief provide.
The way forward for compounded GLP-1s within the US isn’t totally clear, particularly as members of Trump’s interior circle have expressed conflicting views on the medication extra broadly. Robert F. Kennedy Jr., Trump’s choose to steer the Division of Well being and Human Providers, has criticized GLP-1s. He informed CNBC in an interview that “the primary response” to weight problems needs to be way of life modifications, though he added that “GLP medication have a spot.”
Dr. Marty Makary, Trump’s choose to move the Meals and Drug Administration, has served as director of the telehealth firm Sesame, which connects shoppers with medical doctors who can prescribe compounded GLP-1s. Nonetheless, Makary’s function at Sesame has been largely ceremonial lately.
Elon Musk, the Tesla The CEO, who has been an in depth confidant of Trump for the reason that election, has brazenly expressed his help for the medication.
“Nothing would do extra to enhance the well being, longevity and high quality of lifetime of People than making GLP inhibitors tremendous low cost to the general public,” Musk wrote in a submit on his social media platform X in December.
At an occasion with reporters in New York Metropolis late final yr, attended by CNBC, Hims & Hers stated it might work with the brand new administration and share the corporate’s place on the worth of the medication.
