** Shares of Hims & Hers Health more than double, while other telehealth firms are set to end the year in declines
** HIMS' shares set for their second straight year of gains helped by co's offering of compounded versions of GLP-1 weight-loss drugs such as Novo Nordisk's Wegovy
** HIMS, Mangoceuticals , WeightWatchers and Teladoc Health offer compounded and branded versions of GLP-1 weight-loss drugs on their platforms
** Soaring demand for weight-loss drugs made by Eli Lilly
and Novo Nordisk have pushed patients to cheaper compounded versions
** Shares of telehealth firms have been volatile this year on "headlines tied to the overall supply availability of all things GLP-1-related," brokerage Leerink Partners says
** Shares of TDOC and LFMD were also hit after Amazon
announced low-cost telehealth services for Prime members; shares of LFMD fell to nearly four-month low
** Shares of HIMS have more than doubled YTD
** Shares of TDOC set for fourth straight year of decline, LFMD down 38.2% vs a ~327% gain in 2023; MGRX down 41% and WW down 85.5% vs a 126.7% gain in 2023
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(Reporting by Sneha S K)
((Sneha.SK@thomsonreuters.com;))
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