Company:LifeMD
| LFMD | |
| Formerly | ImmuDyne, Inc. Conversion Labs, Inc. |
| Type | Public |
| Industry | Telehealth |
| Founded | May 24, 1994 in New York City, United States |
Key people | Justin Schreiber, CEO Bobby Jindal, Board member[1] |
| Website | lifemd |
| 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]
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]
References
- ↑ Schwartz, Noah (20 September 2022). "LifeMD adds former governor Bobby Jindal to board of directors". https://www.beckershospitalreview.com/telehealth/lifemd-adds-former-governor-bobby-jindal-to-board-of-directors.html.
- ↑ "LFMDP (U.S.: Nasdaq)". https://www.wsj.com/market-data/quotes/LFMDP/company-people.
- ↑ Dattilo, Emily (13 December 2023). "LifeMD Stock Pops on Medifast Agreement. It's All About Weight-Loss Drugs.". https://www.barrons.com/amp/articles/lifemd-medifast-weight-loss-drugs-eee99fa7.
- ↑ Petersen, Andrea (13 December 2023). "Diet Company Medifast, Once an Ozempic Skeptic, Embraces Weight-Loss Drugs With New Deal". https://www.wsj.com/health/wellness/medifast-investing-lifemd-weight-loss-drugs-5aa9bfe2.
- ↑ Hagen, Jessica (21 September 2023). "LifeMD partners with pharma company for direct-to-consumer hormone therapy". https://www.mobihealthnews.com/news/lifemd-partners-pharma-company-direct-consumer-hormone-therapy.
- ↑ "Conversion Labs Reports 89% Increase in Preliminary Revenues During Second Quarter 2018". 11 July 2018. https://markets.businessinsider.com/news/stocks/conversion-labs-reports-89-increase-in-preliminary-revenues-during-second-quarter-2018-1027357950.
- ↑ "Conversion Labs Begins Trading Under New Company Name, LifeMD, and Ticker Symbol, LFMD". 22 February 2021. https://finance.yahoo.com/news/conversion-labs-begins-trading-under-083000989.html.
- ↑ "Conversion Labs, Inc. (CVLB)". https://stocknews.com/stock/CVLB/.
- ↑ "LifeMD to Report First Quarter 2025 Financial Results on May 6". https://finance.yahoo.com/news/lifemd-report-first-quarter-2025-200500396.html.
- ↑ Schwartz, Noah (September 20, 2022). "LifeMD adds former governor Bobby Jindal to board of directors". https://www.beckershospitalreview.com/telehealth/lifemd-adds-former-governor-bobby-jindal-to-board-of-directors.html.
- ↑ Plescia, Marissa (28 June 2023). "LifeMD Launches GLP-1 Weight Management Program". https://medcitynews.com/2023/06/glp1-weight-management-ozempic-wegovy-obesity-diabetes/.
- ↑ "LifeMD Agrees To Partner With Medifast For Weight Management Solutions, LifeMD Up In Pre-market". 13 December 2023. https://markets.businessinsider.com/news/stocks/lifemd-agrees-to-partner-with-medifast-for-weight-management-solutions-lifemd-up-in-pre-market-1032896720.
- ↑ Bricchi, Brando (25 June 2024). "LifeMD expands insurance coverage for virtual care".
- ↑ Landi, Heather (29 April 2025). "Hims & Hers, LifeMD stocks skyrocket after inking deal with Novo Nordisk to sell Wegovy". https://www.fiercehealthcare.com/health-tech/hims-hers-lifemd-stock-skyrockets-after-inking-deal-novo-nordisk-sell-wegovy.
- ↑ Folkent, Kathrin (30 April 2025). "Virtual Care Provider LifeMD Expands Into Women's Health with Optimal Human Health MD Acquisition". https://femtechinsider.com/virtual-care-provider-lifemd-expands-into-womens-health-with-optimal-human-health-md-acquisition/.
Further reading
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