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]
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 September 2022, LifeMD named former Louisiana governor Bobby Jindal to its board of directors.[10]
In June 2023, LifeMD announced a weight management program to prescribe GLP-1 medications upon meeting requirements in a virtual appointment with a clinician.[11] 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.[12]
The company introduced private health insurance acceptance in 2024.[13]
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.[14]
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.[15]
Further reading
References
- Noah Schwartz. LifeMD adds former governor Bobby Jindal to board of directors Becker's Hospital Review, 20 September 2022, retrieved 2 October 2024^
- LFMDP (U.S.: Nasdaq) The Wall Street Journal, retrieved 2 October 2024^
- Emily Dattilo. LifeMD Stock Pops on Medifast Agreement. It's All About Weight-Loss Drugs. Barron's, 13 December 2023, retrieved 2 October 2024^
- Andrea Petersen. Diet Company Medifast, Once an Ozempic Skeptic, Embraces Weight-Loss Drugs With New Deal The Wall Street Journal, 13 December 2023, retrieved 2 October 2024^
- Jessica Hagen. LifeMD partners with pharma company for direct-to-consumer hormone therapy Mobi Health News, 21 September 2023, retrieved 2 October 2024^
- Conversion Labs Reports 89% Increase in Preliminary Revenues During Second Quarter 2018 Business Insider, 11 July 2018, retrieved 2 October 2024^
- Conversion Labs Begins Trading Under New Company Name, LifeMD, and Ticker Symbol, LFMD Yahoo! Finance, 22 February 2021, retrieved 2 October 2024^
- Conversion Labs, Inc. (CVLB) Stock News, retrieved 2 October 2024^
- LifeMD to Report First Quarter 2025 Financial Results on May 6 Yahoo Finance^
- Noah Schwartz. LifeMD adds former governor Bobby Jindal to board of directors Becker's Hospital Review, September 20, 2022^
- Marissa Plescia. LifeMD Launches GLP-1 Weight Management Program MedCity News, 28 June 2023, retrieved 2 October 2024^
- LifeMD Agrees To Partner With Medifast For Weight Management Solutions, LifeMD Up In Pre-market Business Insider, 13 December 2023, retrieved 2 October 2024^
- Brando Bricchi. LifeMD expands insurance coverage for virtual care Investing.com, 25 June 2024^
- Heather Landi. Hims & Hers, LifeMD stocks skyrocket after inking deal with Novo Nordisk to sell Wegovy Fierce Health Care, 29 April 2025^
- Kathrin Folkent. Virtual Care Provider LifeMD Expands Into Women's Health with Optimal Human Health MD Acquisition Femtech Insider, 30 April 2025^