Hims & Hers Buys Lab to Expand Into At-Home Blood Testing

  • Hims shares have soared on demand for copycat obesity drugs
  • Purchase of Sigmund brings test kits for hormones, cholesterol
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Hims & Hers Health Inc. is expanding beyond its successful foray into providing copycat weight-loss drugs with the acquisition of a home blood-testing company.

The telehealth provider purchased Sigmund NJ LLC, which uses a US-approved device for home testing of hormones, cholesterol and other markers of health, according to a statementBloomberg Terminal on Wednesday. New Jersey-based Sigmund markets its services as Trybe Labs. Terms of the deal weren’t disclosed.