Mar. 21 at 4:25 PM
Everyone is analyzing
$HIMS as a GLP-1 story.
That’s like analyzing Amazon as a bookstore in 2005.
$HIMS has 2.5M subscribers, behavioral health data across sexual health, hair loss, dermatology, weight loss, hormone therapy, labs, and now cancer screening.
$NVO, a
$400B pharma giant, looked at the entire US healthcare landscape and chose
$HIMS as their direct distribution platform.
They didn’t want to do that because
$HIMS compounds drugs. They still did it because
$HIMS owns the patient relationship at scale. That’s the moat that is compounding with every new customer and data point
$HIMS gains.