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Aussie company sells for $1.6B
Posted 23 February 2026 AM
Founders of Australian telehealth company Eucalyptus are cashing in by selling the company for $1.6 billion to US firm Hims & Hers.
Eucalyptus, backed by Woolworths and VC funds, made its mark filling prescriptions written via online consultations with compounded semaglutide, until the Federal Government banned the compounding of GLP-1 RAs in 2024. Hims & Hers supplied compounded semaglutide in the US, but announced this month it would cease to do so.
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Posted 23 February 2026 AM
Founders of Australian telehealth company Eucalyptus are cashing in by selling the company for $1.6 billion to US firm Hims & Hers.
Eucalyptus, backed by Woolworths and VC funds, made its mark filling prescriptions written via online consultations with compounded semaglutide, until the Federal Government banned the compounding of GLP-1 RAs in 2024. Hims & Hers supplied compounded semaglutide in the US, but announced this month it would cease to do so.
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