Alchemy

Big news! 🎉 We’re thrilled to announce that Alchemy has raised a $31M Seed round, led by Andreessen Horowitz with participation from Magic Johnson Enterprises, Sheryl Sandberg, Banc of California and existing investors Twine Ventures, Springbank and AlleyCorp. Alchemy builds and operates in-house pharmacies for safety net clinics, with a focus on patients living with HIV and Hepatitis C. We provide the entire physical, clinical, and digital infrastructure needed to operate and grow best-in-class pharmacy programs. Last week, Alchemy Founder and Co-CEO Sid Viswanathan sat down with Earvin “Magic” Johnson to discuss his personal journey with HIV, his vision for advancing HIV access and equity in the U.S., and the role he believes Alchemy will play in the coming decades. Full press release: https://lnkd.in/gnk3Jpkt #Fundraise #Alchemy #Pharmacy

🎉 The 340B Drug Pricing Program turns 31 today! On the eve of the election, we celebrate a program with enduring bipartisan support. For three decades, 340B has been the backbone of America's public health safety net, helping providers stretch scarce federal resources to serve more patients. 💡 Three things you might not know about the program: 1️⃣ 1 in 10 Americans rely on community health centers for their care 2️⃣ Ryan White clinics leverage 340B savings to provide HIV treatment to 575,000 people annually, achieving a 89% viral suppression rate (vs. 65% national avg.) 3️⃣ New research published in JAMA shows that when FQHCs expand their 340B programs, they deliver more care to uninsured patients and boost preventive services Three decades in, 340B continues to demonstrate what's possible when we prioritize access to care for all Americans. #Healthcare #PublicHealth #HealthEquity #340B #CommunityHealth

🤝 We're teaming up with PatchRx to tackle one of the biggest challenges to HIV care: medication adherence. By integrating PatchRx’s smart pill bottle technology directly into Alchemy’s pharmacy OS, we’re giving safety net clinics powerful, real-time insights into adherence, allowing for timely, personalized support to keep patients on track. Together, we’re empowering providers to proactively support their patients’ health, moving one step closer to making HIV undetectable, untransmittable, and manageable for all. Press release: https://lnkd.in/g4V9bYss #HIV #Pharmacy #HealthTech

We're #hiring a new Pharmacy Technician in Phoenix, Arizona. Apply today or share this post with your network.

When NBA legend Earvin “Magic” Johnson calls your partnership the “dream team of business” you know it's something special. ✨ In Part 1 of Alchemy Founder and Co-CEO Sid Viswanathan’s conversation with Magic, he opens up about facing discrimination after his HIV diagnosis 32 years ago. He discusses the critical importance of medication access, and why Alchemy's mission of bringing pharmacies directly into underserved communities isn't just a business decision - it's a life-changing necessity for those who've been overlooked. #HIV #HealthcareAccess #Pharmacy Magic Johnson Enterprises ➡️ Full video and transcript: https://lnkd.in/gz5pjkqc

Here's something special about our recent $31M seed round that deserves its own spotlight: the majority of Alchemy's investors are women! 💪 Their vision, experience, and commitment to transforming healthcare have already proven invaluable to Alchemy's mission of ensuring everyone has reliable access to their essential medicines. We're honored to have them on this journey with us. Julie Yoo, Sheryl Sandberg, Leshika Samarasinghe, Elana Berkowitz, Tanya Beja, Halle Tecco, MPH, MBA #womeninvc #womenintech

We’re thrilled to introduce Brian Franks as Alchemy’s inaugural Head of Pharmacy Operations! Brian brings 25 years of experience leading pharmacy operations, previously serving as Chief Operating Officer at Apothecare Pharmacy and in senior leadership roles at Alto Pharmacy and Walgreens. “I’m truly honored to join Alchemy and lead a talented group of community-oriented pharmacists and account managers. With so many HIV patients still lacking reliable access to life-saving medications, Alchemy’s singular focus on eliminating barriers to care is a mission I’m excited to advance.” Check out our blog to learn more about Brian’s inspiring journey - from leading pharmacy teams to battling cancer - and how his newfound perspective ultimately led him to Alchemy. Read more here: https://lnkd.in/gRGKBc5T

🎉 We're excited to announce the opening of Community Care Resources of Florida's (CCR) in-house pharmacy, powered by Alchemy. CCR is a three-location STD clinic led by an extraordinarily committed and mission-driven CEO, Victoria Barnhart. CCR is dedicated to its community, providing high quality, compassionate care to individuals affected by HIV, Hepatitis C, STDs and Substance Use Disorder. From concept to grand opening, learn more about how this pharmacy came to life and achieved an Operating Profit in just 65 days. https://lnkd.in/gKdXuf7C #PharmacyOpening #340B

🗞 Alchemy was featured in Forbes today, right alongside the news that Walgreens will be closing 1,200 stores across the country. This underscores the urgency of our work. As major pharmacies close their doors, vulnerable communities are left without access to essential medications. As Peter Park explains in the feature, “Its really about community need...they’re working with us because the pharmacies in their neighborhoods are closing. Think about Black and brown communities that are overburdened by diabetes and hypertension, and their pharmacies are closing. There’s not just a food desert, but a pharmacy desert.” https://lnkd.in/gmKTwsrm #Pharmacy #340B

Building Alchemy with Julie Yoo and Jay Rughani has been so incredibly fun and inspiring! I can count on my (one) hand the number of healthcare investors that deeply understand technology. Julie is one of the rare few investors in healthcare who has written software that has impacted patient lives. This matters when you are building for the long haul. I first met Julie 5+ years ago when she was kind enough to invite me to speak on her panel, and in many ways we have spent years looking for the right pharmacy bet to work on together, and I'm pumped she picked Alchemy 💪. Julie says it best "𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗶𝘀 𝗲𝗮𝘁𝗶𝗻𝗴 𝗵𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 (𝗳𝗶𝗻𝗮𝗹𝗹𝘆)."