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2025-08-18 17:00:00| Fast Company

Share prices of GoodRx (NASDAQ: GDRX), the American healthcare company and telemedicine service, are currently soaring after the company announced that it will partner with Novo Nordisk to offer the lowest-ever out-of-pocket prices for Ozempic and Wegovy. According to a press release posted early on August 18, GoodRx has struck a deal with the pharmaceutical giant Novo Nordisk to sell its popular semaglutide medications, Ozempic and Wegovy, for just $499 per month to eligible self-paying customers. GoodRx doesnt sell or dispense any drugs itself, but rather provides savings and coupons that can be applied in pharmacies. Its exclusive Ozempic and Wegovy offerings, available starting today, are the lowest out-of-pocket costs for the medications available on the market. The news comes just weeks after Novo Nordisk cut ties with the telehealth company Hims & Hers Health (NYSE: HIMS) over claims that Hims & Hers was selling knockoff versions of Wegovy. Its a dispute that reflects a broader discussion around whether compounded semaglutide drugsor non-FDA approved versions of brand-name medicinesare a violation of intellectual property laws. As of this writing, GoodRxs stock is up by more than 30% since market close. Heres what to know about Novo Nordisks latest partnership and its ongoing legal battles against compounded GLP-1s. GoodRxs collaboration with Novo Nordisk In the last year alone, GoodRx reports that nearly 17 million people visited the site searching for information and savings on GLP-1 medicationsa 22% increase from the previous year. Demand for GLP-1 medications is at an all-time high, but too many Americans still face barriers accessing them, Wendy Barnes, GoodRX president and CEO, said in the press release. By partnering with Novo Nordisk, were taking a significant step forward in making these innovative brand-name treatments more accessible for millions of people who need them. In the past, a spokesperson told Fast Company, GoodRx has worked with both Novo Nordisk and its competitor Eli Lilly to offer commercially insured patients manufacturer savings cards on GLP-1s. The company has also offered savings on other types of weight loss/diabetes treatments, including Contrave, Dexcom G7, Lantus, and Qsymia. However, this is the first time that GoodRx has offered a cash price for a GLP-1. The $499 monthly self-pay cost will be available at more than 70,000 retail locations nationwide. Novo Nordisks current legal battles over compounded GLP-1s So far, investors response to GoodRxs new collaboration has been overwhelmingly positive. It stands in sharp contrast to Hims & Hers recent breakup with Novo Nordisk, which caused the telehealth companys share prices to plummet in late June. Hims & Hers and Novo Nordisk parted ways over Hims & Hers offering of compounded versions of Wegovy. Back in 2022, the Food and Drug Administration (FDA) declared a shortage of GLP-1 medications including Ozempic and Wegovy. Under this shortage notice, pharmacies were permitted to make compounded versions of the brand-name drugs using their active ingredient, semaglutide, and sell them at a lower cost. However, Hims & Hers has continued to sell its compounded version of Wegovy long after the FDA lifted the shortage back in February. Now, Novo Nordisk is arguing that these compounded drugs are both a violation of its intellectual property and potentially dangerous to patients, due to their lack of FDA approval. Early this month, Novo Nordisk announced 14 new lawsuits against small pharmacies, telehealth providers, and weight-loss clinics over compounded versions of Ozempic and Wegovybringing its total cases filed on the matter up to more than 130 in 40 states. Experts say that federal compounding laws are just vague enough to allow for various interpretations, meaning that Novo Nordisks current legal challenges could shape the way courts interpret those boundaries in the future. In a statement to Yahoo Finance, Barnes offered a clear look into GoodRxs stance on compounded drugs: “There’s no question we could have tried to do something sooner from a compounded alternative pathway, but we have been very clear in our belief that it needed to be FDA-approved, lawfully approved. It just wasn’t a pathway that we were going to support,” she said.


Category: E-Commerce

 

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2025-08-18 16:30:32| Fast Company

Air Canada suspended plans to restart operations Sunday after the union representing 10,000 flight attendants said it will defy a return-to-work order. The strike was already affecting about 130,000 travelers per day during the peak summer travel season. The Canada Industrial Relations Board ordered airline staff back to work by 2 p.m. Sunday after the government intervened and Air Canada said it planned to resume flights Sunday evening. Canadas largest airline now says it will resume flights Monday evening. Air Canada said in a statement that the union illegally directed its flight attendant members to defy a direction from the Canadian Industrial Relations Board. Our members are not going back to work, Canadian Union of Public Employees national president Mark Hancock said outside Toronto’s Pearson International Airport. We are saying no. Hancock ripped up a copy of the back-to-work order outside the airports departures terminal where union members were picketing Sunday morning. He said they won’t return Tuesday either. Flight attendants chanted Dont blame me, blame AC outside Pearson. Like many Canadians, the Minister is monitoring this situation closely. The Canada Industrial Relations Board is an independent tribunal,” Jennifer Kozelj, a spokeswoman for Federal Jobs Minister Patty Hajdu said in a emailed statement. Hancock said the whole process has been unfair and said the union will challenge what it called an unconstitutional order. Less than 12 hours after workers walked off the job,)Hajdu ordered the 10,000 flight attendants back to work, saying now is not the time to take risks with the economy and noting the unprecedented tariffs the U.S. has imposed on Canada. Hajdu referred the work stoppage to the Canada Industrial Relations Board. The airline said the CIRB has extended the term of the existing collective agreement until a new one is determined by the arbitrator. The shutdown of Canadas largest airline early Saturday was impacting about 130,000 people a day. Air Canada operates around 700 flights per day. Tourist Mel Durston from southern England was trying to make the most of sightseeing in Canada. But she said she doesnt have a way to continue her journey. We wanted to go see the Rockies, but we might not get there because of this, Durston said. We might have to head straight back.” James Hart and Zahara Virani were visiting Toronto from Calgary, Alberta for what they thought would be a fun weekend. But they ended up paying $2,600 Canadian ($1,880) to fly with another airline on a later day after their Air Canada flight got canceled. Its a little frustrating and stressful, but at the same time, I dont blame the flight attendants at all, Virani said. What theyre asking for is not unreasonable whatsoever.” Flight attendants walked off the job around 1 a.m. EDT on Saturday. Around the same time, Air Canada said it would begin locking flight attendants out of airports. The bitter contract fight escalated Friday as the union turned down Air Canadas prior request to enter into government-directed arbitration, which allows a third-party mediator to decide the terms of a new contract. Last year, the government forced the countrys two major railroads into arbitration with their labor union during a work stoppage. The union for the rail workers is suing, arguing the government is removing a unions leverage in negotiations. Hajdu maintained that her Liberal government is not anti-union, saying it is clear the two sides are at an impasse. Passengers whose flights are impacted will be eligible to request a full refund on the airlines website or mobile app, according to Air Canada. The airline said it would also offer alternative travel options through other Canadian and foreign airlines when possible. Still, it warned that it could not guarantee immediate rebooking because flights on other airlines are already full due to the summer travel peak. Air Canada and CUPE have been in contract talks for about eight months, but they have yet to reach a tentative deal. Both sides have said they remain far apart on the issue of pay and the unpaid work flight attendants do when planes arent in the air. The airlines latest offer included a 38% increase in total compensation, including benefits and pensions, over four years, that it said would have made our flight attendants the best compensated in Canada. But the union pushed back, saying the proposed 8% raise in the first year didnt go far enough because of inflation. Rob Gillies, Associated Press


Category: E-Commerce

 

2025-08-18 15:30:00| Fast Company

Soho House is a public company nomo. Soho House, a hotel and private club chain, is being acquired by MCR Hotelsgoing private, and it is also adding some new names to its leadership team. The company first went public in 2021, and along with Mondays announcement, says that Neil Thomson will become the companys new CFO, MCRs chairman and CEO Tyler Morse will join its Board of Directions, as will Ashton Kutcher, an actor whos gone on to become a rather prominent investor in recent years. The deal has reportedly been brewing since December, and shareholders will receive $9 per share, which is a premium of 18% over Fridays closing price. MCR Hotels operates 150 hotels in 37 states, including the TWA Hotel, Gramercy Park Hotel, Pasadena Hotel & Pool, and High Line Hotels in New York City, where Soho House New York is located. Soho Houses global network comprises 46 Houses, which will be added to the mix. Since our IPO in 2021, weve focused on building a stronger, more resilient business. Against a backdrop of challenging economic conditions and global uncertainty, from 2022-2024 we delivered consistent, disciplined growth with revenue increasing at an average annual rate of double digit growth, Andrew Carnie, Soho Houses CEO said in a statement. Returning to private ownership enables us to build on this momentum, with the support of world class hospitality and investment partners. Further, Morse said that MCRs investment in Soho House represents a strategic opportunity to combine our operational expertise with one of the most distinctive brands in hospitality. Our shared goal is to safeguard the member experience, drive sustainable international growth for House members, and protect and expand the cultural and creative foundation that has made Soho House a global industry leader. In recent months, Soho House has put up solid numbers. Its latest earnings report, which came out earlier this month, showed total revenue growing nearly 9% year-over-year to roughly $330 million. However, since the company went public, its shares are down almost 30%.


Category: E-Commerce

 

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