Capsule finalizes move to Harlem pharmacy location with $25M investment plans

BY JACQUELINE NEBER

Capsule has fully activated its 43,000-squarefoot pharmacy in Harlem in which it will invest $25 million over eight years, the digital pharmacy company announced March 10.

More than 120 full-time employees are now stationed at 122 W. 146th St. after beginning to it is renting, Stevens said.

Capsule serves customers in the five boroughs, northern New Jersey, Westchester County, the Lower Hudson Valley and Connecticut’s Fairfield County.

caPSULE OFFErS PATIENTS

DELIVERY FOr

Capsule offers patients medication delivery for free as well as refill transfers. According to the company, it aims to reduce patients’ wait times for their prescriptions, reduce the number of m e dications that are out of stock and increase price tr ans parency.

AS WELL AS REFILL TRANSFERS.

move from a 7,000-square-foot Midtown location in August 2022, said Amy Stevens, a Capsule representative. The Harlem facility will create 50 jobs and, with the $25 million going toward technology improvements, allow the company to scale up and serve more customers and doctors. Capsule initially invested $7 million in opening the space, which

Capsule works with commercial insurers, Medicare and Medicaid, with the goal of creating higher fill rates and improved adherence among customers.

The company’s New York growth is “robust,” said Eric Kinariwala, Capsule’s founder and chief executive officer.

Capsule has 12 other pharmacy locations across the country. It was founded in 2016 and has raised $570 million to date. ■