Thoughts on Healthcare Markets & Technology
Thoughts on Healthcare Markets & Technology Podcast
When $Hims Lost Its Moat
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When $Hims Lost Its Moat

How regulatory cascades transformed a vertically integrated compounder into a prescription router in six weeks.

In this episode, we walk through the public filings and regulatory sequence that restructured Hims's entire GLP-1 economics between February and April 2026. You'll learn exactly what the Novo settlement and LillyDirect routing arrangement actually mean for margin structure, why the bear case and bull case are simultaneously correct on different timefram…

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