Hims & Hers Health has donated $1 million to President-elect Donald Trump’s inauguration fund, CNBC confirmed Tuesday.
The corporate, which offers a variety of direct-to-consumer treatments for conditions like weight reduction, erectile dysfunction and hair loss, is the newest in a string of tech corporations which have tried to curry favor with the incoming administration. OpenAI CEO Sam Altman and Meta each announced $1 million donations to the inaugural fund late last yr, and Amazon and Apple CEO Tim Cook have also reportedly contributed.
“At Hims & Hers, we stand with leaders and advocates who’re committed to improving America’s broken healthcare system,” the corporate said in an announcement to CNBC.
Axios first reported Hims & Hers’ donation.
Hims & Hers was a breakout star within the digital health sector last yr, largely due to the success of its popular latest weight reduction offering.
The corporate began prescribing compounded semaglutide through its platform in May after launching a weight reduction program late in 2023. Semaglutide is the energetic ingredient in Novo Nordisk’s blockbuster medications Ozempic and Wegovy, which may cost around $1,000 a month without insurance. Compounded semaglutide is a less expensive, custom-made alternative to the brand drugs and could be produced when the brand-name treatments are in shortage.
The long run of compounded GLP-1s within the U.S. shouldn’t be entirely clear, especially as members of Trump’s circle have expressed conflicting opinions in regards to the drugs more broadly. Robert F. Kennedy Jr., Â Trump’s pick to steer the Department of Health and Human Services, has criticized GLP-1s. He told CNBC in an interview that “the primary line of response” to obesity ought to be lifestyle changes, though he added that “GLP drugs have a spot.”
Dr. Marty Makary, Trump’s pick to steer the Food and Drug Administration, has served as an executive of the telehealth company Sesame, which connects consumers to physicians who can prescribe compounded GLP-1s. Nonetheless, Makary’s role at Sesame has been mostly ceremonial in recent times.Â
Elon Musk, the Tesla CEO who has been an in depth confidant of Trump’s because the election, has openly expressed his support for the medications.
“Nothing would do more to enhance the health, lifespan and quality of life for Americans than making GLP inhibitors super low price to the general public,” Musk wrote in a post on his social media platform X in December.
At an event with reporters in Recent York City late last yr, which was attended by CNBC, Hims & Hers said it could work with the incoming administration and share the corporate’s perspective in regards to the value of the medications.
