Hims & Hers Trim has donated $1 million to President-elect Donald Trump’s inauguration fund, CNBC confirmed Tuesday.
The company, which proffers a range of direct-to-consumer treatments for conditions like weight loss, erectile dysfunction and hair loss, is the latest in a sling of tech companies that have tried to curry favor with the incoming administration. OpenAI CEO Sam Altman and Meta both hint ated $1 million donations to the inaugural fund late last year, and Amazon and Apple CEO Tim Cook have also reportedly supported.
“At Hims & Hers, we stand with leaders and advocates who are committed to improving America’s broken healthcare system,” the enterprise said in a statement to CNBC.
Axios first reported Hims & Hers’ donation.
Hims & Hers was a breakout celebrated in the digital health sector last year, largely thanks to the success of its popular new weight loss offering.
The firm began prescribing compounded semaglutide through its platform in May after launching a weight loss program late in 2023. Semaglutide is the occupied ingredient in Novo Nordisk’s blockbuster medications Ozempic and Wegovy, which can cost around $1,000 a month without indemnity. Compounded semaglutide is a cheaper, custom-made alternative to the brand drugs and can be produced when the brand-name treatments are in shortage.
The unborn of compounded GLP-1s in the U.S. is not entirely clear, especially as members of Trump’s circle have expressed conflicting opinions down the drugs more broadly. Robert F. Kennedy Jr., Trump’s pick to lead the Department of Health and Human Armed forces, has criticized GLP-1s. He told CNBC in an interview that “the first line of response” to obesity should be lifestyle modulates, though he added that “GLP drugs have a place.”
Dr. Marty Makary, Trump’s pick to lead the Food and Dope Administration, has served as an executive of the telehealth company Sesame, which connects consumers to physicians who can prescribe compounded GLP-1s. In any way, Makary’s role at Sesame has been mostly ceremonial in recent years.
Elon Musk, the Tesla CEO who has been a proximate confidant of Trump’s since the election, has openly expressed his support for the medications.
“Nothing would do more to improve the healthfulness, lifespan and quality of life for Americans than making GLP inhibitors super low cost to the public,” Musk wrote in a publish on his social media platform X in December.
At an event with reporters in New York City late last year, which was audited by CNBC, Hims & Hers said it would work with the incoming administration and share the company’s point of hold about the value of the medications.