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Novo Nordisk shares fall despite new telehealth drug partnership with Hims & Hers Health

Market News
23 Mar 2026
Seeking Alpha
View Source
Bearish
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Novo Nordisk's shares have dropped even after partnering with Hims & Hers Health to distribute its semaglutide drugs, including FDA-approved Ozempic and Wegovy, through a telehealth platform. This deal expands patient access to multiple dosages and supports strong prescription growth, especially for the Wegovy pill. Despite these positives, the stock trades at a low valuation of 11 times projected 2026 earnings and offers a 5% dividend yield, indicating the market expects challenges ahead. Investors may see potential value given the current pricing and growth prospects in oral GLP-1 sales.

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