Hims & Hers abandons copycat weight-loss drug in face of FDA probe
Novo Nordisk had accused the telehealth company of breaching its patent on Wegovy
Novo Nordisk had accused the telehealth company of breaching its patent on Wegovy

Shares in US company fall 16% after FDA announces investigation into unregulated medication

Danish group’s challenges mount despite winning reprieve after Hims & Hers withdraws plan to sell copycat Wegovy pill

US telehealth group will sell product for $49 a month, a third that of its Danish competitor

US telehealth group and Danish drugmaker have been in dispute over copycat medicines

Shares in two companies slide as Danish drugmaker accuses US telehealth group of deceptively marketing replica treatments

Novo Nordisk’s Wegovy tablet offers Danish drugmaker window to win back market share from Eli Lilly