Hims & Hers Health's stock jumps 20% after acquiring at-home lab testing firm Trybe Labs.
Hims & Hers Health Inc. saw its stock soar by over 20% after announcing the acquisition of an at-home lab testing facility, Trybe Labs. This move allows the company to offer at-home blood tests, expanding its health services and potentially boosting growth in areas like low testosterone and menopausal support. The acquisition is expected to roll out over the next year, enhancing personalized healthcare options. Despite the stock surge, some analysts caution about the company's high valuation.
2 months ago
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