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

Yesterday, Alchemy's Peter Park and Sara Shahdoost Moghadam, PharmD, BCACP, CDCES, AAHIVP had the privilege of attending the Health Action Alliance's U.S. Business Action to End HIV Annual Coalition Meeting at the Rollins School of Public Health at Emory University in Atlanta. It was an inspiring day filled with impactful discussions, actionable insights, and a shared commitment to ending the HIV epidemic in the U.S. Key takeaways: ?? Show the numbers, share your stories: Data is vital, but personal stories bring it to life. Real-world impact connects people and drives change. ?? Break silos through innovation: From cross-sector partnerships to mobile health solutions, innovation drives progress. ?? Engage communities directly: Asking communities what they need is key to creating solutions that truly work. ?? Reach the hard-to-reach: Flexibility and creativity are essential to tackling barriers, especially in rural and underserved areas. ?? Change starts at home: By fostering a culture of equity, inclusion and awareness within our own company, we can amplify our efforts externally. At Alchemy, we’re committed to leveraging our resources and expertise to support this cause. By integrating in-house pharmacies within safety net clinics, we aim to reduce barriers to care and ensure equitable access to essential medications for patients living with HIV and Hepatitis C.

RELEASE #1: INTRODUCING THE ALCHEMY DIGITAL PRODUCT ???? We are thrilled to show you Release #1 of The Alchemy Digital Product. But first, we wanted to set the context on why we are building a digital product in the first place and why we think it is critical for the long-term success of our safety net clinic partners. Over the last decade, our team has built digital pharmacy products that have dispensed over 25 million prescriptions to 4M patients across all 50 states. In that time, we’ve seen how the existing pharmacy technology infrastructure in America has lagged behind most other industries that have been through consumerization shifts in recent years. But it should come as no surprise that despite facing significant instability in basic needs like housing and transportation, the most underserved and low-income communities across the country are very savvy smartphone users. This is why any incremental improvement that software can make to help meet these patients where they are can have an enormous (and disproportionately positive) impact on patient outcomes, especially for people living with HIV and Hepatitis C. Release #1 Highlights => ?? Inbox and Task Management ?? Patient Profiles ?? Patient Timeline View View full blog post here: https://lnkd.in/duVbygpS?? #InHousePharmacy #340B #Digital

Part 2 of Alchemy Co-CEO Sid Viswanathan's conversation with the legendary Magic Johnson! When Magic says he wants to win at EVERYTHING, he means it. Just look at his teams' results this year: ? Los Angeles Dodgers: World Series Champions ? Washington Commanders: Best franchise record since 1991 ? Los Angeles Football Club (LAFC): Advancing in the playoffs ? Washington Spirit: Into the semifinals of the NWLS playoffs So what does Magic see left in his legacy? Two things: 1?? Bringing a Super Bowl to DC 2?? Making Alchemy a "wild success" and improving health access for communities that need it most ?? When Magic's involved, we wouldn't bet against either! ? Full video and transcript: https://lnkd.in/gA3Jbm3X #HIV #HealthAccess #Pharmacy Magic Johnson Enterprises

We are committed to supporting our partners in the community, beyond the walls of the pharmacy. This past week, Sid Viswanathan and Jacqueline L'Heureux attended Honorarium 2024 - The Center's Annual?Gala ??????. The LGBTQ Center of Southern Nevada is truly an inspiring organization, and we are so honored to be working with them to set up their in-house pharmacy inside their brand new facility! Thank?you to John Waldron Ed.D, Leana Ramirez, PharmD, AAHIVP, CSP and Donya Monroe for hosting an amazing event. #NewPharmacy #BeyondTheWalls

?? 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: 1?? 1 in 10 Americans rely on community health centers for their care 2?? 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.) 3?? 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