Health for him and her has donated $1 million to President-elect Donald Trump's inauguration fund, CNBC confirmed Tuesday.
The company, which offers a range of direct-to-consumer treatments for conditions such as weight loss, erectile dysfunction and hair loss, is the latest in a series of technology companies that have tried to curry favor with the incoming administration. . OpenAI CEO Sam Altman and Goal Both announced donations of $1 million to the inaugural fund late last year, and Amazon and Apple CEO Tim Cook has also reportedly contributed.
“At Hims & Hers, we support leaders and advocates who are committed to improving America's failing healthcare system,” the company said in a statement to CNBC.
The Hims & Hers donation was first reported by Axios.
Hims & Hers was a breakout star in the digital health space last year, largely thanks to the success of its popular new weight loss offering.
The company began prescribing compounded semaglutide through its platform in May after launching a weight loss program in late 2023. Semaglutide is the active ingredient in Novo Nordisk's blockbuster drugs Ozempic and Wegovy, which can cost around $1,000 a month without insurance. Compounded semaglutide is a cheaper, more personalized alternative to brand-name medications and can be produced when brand-name treatments are in short supply.
The future of compounded GLP-1 in the United States is not entirely clear, especially since members of Trump's circle have expressed mixed opinions about the drugs in general. Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services, has criticized GLP-1. He told CNBC in an interview that “the first line of response” to obesity should be lifestyle changes, although he added that “LPG medications have a place.”
Dr. Marty Makary, Trump's pick to lead the Food and Drug Administration, has served as an executive for the telehealth company Sesame, which connects consumers with doctors who can prescribe GLP-1 compounds. However, Makary's role on Sesame has been mostly ceremonial in recent years.
Elon Musk, the tesla The CEO, who has been a close confidant of Trump since the election, has been outspoken in his support for the drugs.
“Nothing would do more to improve the health, life expectancy, and quality of life of Americans than making LPG inhibitors super low cost to the public,” Musk wrote in a post on his X social media platform in December.
At an event with reporters in New York City late last year, attended by CNBC, Hims & Hers said it would work with the incoming administration and share the company's view on the value of drugs.
