India, April 29 -- Stock of LifeMD, Inc. (LFMD) is climbing about 25 percent on Tuesday following the company's announcement regarding access to Wegovy through NovoCare Pharmacy.

The company's stock is currently trading at $7.64, up 25.33 percent or $1.55, over the previous close of $6.10 on the Nasdaq. The stock has traded between $3.99 and $12.88 in the last 52 weeks.

The company expects the plan to meet the growing demand among cash-pay patients for convenient access to clinically backed FDA-approved obesity treatment options.

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