LifeMD

Last updated
LifeMD
LFMD
FormerlyImmuDyne, Inc.
Conversion Labs, Inc.
Company type Public
Industry Telehealth
FoundedMay 24, 1994;31 years ago (1994-05-24) in New York City, United States
Key people
Justin Schreiber, CEO
Bobby Jindal, Board member [1]
Website lifemd.com
Footnotes /references
[2]

LifeMD, Inc. is a publicly traded American telehealth company. [3] It gives subscribers access to doctors and nurse practitioners for virtual medical consultations and treatments with prescription medications. [4]

Contents

History

The company was founded as ImmuDyne, Inc. in 1994 and completed its initial public offering in 2001. [5] In 2018, it rebranded as Conversion Labs, Inc. with Justin Schreiber named chief executive officer. [6] The company changed its name to LifeMD in 2020 and started using the ticker name LFMD. [7] [8]

In the first quarter of 2025, LifeMD reported that total revenues increased 49% YoY to $65.7 million. [9]

Services

In June 2023, LifeMD announced a weight management program to prescribe GLP-1 medications upon meeting requirements in a virtual appointment with a clinician. [10] It began a pilot program with Medifast, which later announced a partnership between the companies to connect each other's customers. LifeMD also received a $20 million investment from Medifast at that time. [11]

The company introduced private health insurance acceptance in 2024. [12]

In March 2025, LifeMD signed an agreement to offer Eli Lilly’s weight-loss drug Zepbound to self-paying patients. Specifically, a deal was signed with LillyDirect’s pharmacy partner, through which vials of Zepbound are sold at discounts for cash-pay customers. LifeMD’s stock surged in 2025 after a deal with Novo Nordisk to offer Wegovy through the LifeMD platform at a discounted price. [13]

In April 2025, LifeMD acquired women’s health virtual care provider Optimal Human Health MD, to establish a foundation of hormone health, metabolism, and bone density on its platform. [14]

References

  1. Schwartz, Noah (20 September 2022). "LifeMD adds former governor Bobby Jindal to board of directors". Becker's Hospital Review. Retrieved 2 October 2024.
  2. "LFMDP (U.S.: Nasdaq)". The Wall Street Journal. Retrieved 2 October 2024.
  3. Dattilo, Emily (13 December 2023). "LifeMD Stock Pops on Medifast Agreement. It's All About Weight-Loss Drugs". Barron's. Retrieved 2 October 2024.
  4. Petersen, Andrea (13 December 2023). "Diet Company Medifast, Once an Ozempic Skeptic, Embraces Weight-Loss Drugs With New Deal". The Wall Street Journal. Retrieved 2 October 2024.
  5. Hagen, Jessica (21 September 2023). "LifeMD partners with pharma company for direct-to-consumer hormone therapy". Mobi Health News. Retrieved 2 October 2024.
  6. "Conversion Labs Reports 89% Increase in Preliminary Revenues During Second Quarter 2018". Business Insider. 11 July 2018. Retrieved 2 October 2024.
  7. "Conversion Labs Begins Trading Under New Company Name, LifeMD, and Ticker Symbol, LFMD". Yahoo! Finance. 22 February 2021. Retrieved 2 October 2024.
  8. "Conversion Labs, Inc. (CVLB)". Stock News. Retrieved 2 October 2024.
  9. "LifeMD to Report First Quarter 2025 Financial Results on May 6". Yahoo Finance.
  10. Plescia, Marissa (28 June 2023). "LifeMD Launches GLP-1 Weight Management Program". MedCity News. Retrieved 2 October 2024.
  11. "LifeMD Agrees To Partner With Medifast For Weight Management Solutions, LifeMD Up In Pre-market". Business Insider. 13 December 2023. Retrieved 2 October 2024.
  12. Bricchi, Brando (25 June 2024). "LifeMD expands insurance coverage for virtual care". Investing.com.
  13. Landi, Heather. "Hims & Hers, LifeMD stocks skyrocket after inking deal with Novo Nordisk to sell Wegovy". Fierce Health Care.
  14. Folkent, Kathrin. "Virtual Care Provider LifeMD Expands Into Women's Health with Optimal Human Health MD Acquisition". Femtech Insider.

Further reading