Meet The Entrepreneur Whose Startup Offering Medication For Quitting Opioids Just Raised $50 Million

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Just after graduating from Wharton in 2019 Gray started Ophelia, a digital provider of medication-assisted treatment which helps patients through telemedicine and often treats them in the privacy of their homes. Earlier this month, Ophelia raised a $50 Million Series B Led by Tiger Global.

“Many counties in America do not have a single prescriber, so if you want to go you would be driving maybe an hour in each way, and if you are concerned about privacy you’re going to have a hard time staying private if you have to attend group therapy,” Grey says. “The other options is to call up someone on the black market and often people prefer to buy this illegally and spend cash rather than use their insurance.

Once a potential patient decides to join Ophelia they go through a screening questionnaire to determine their eligibility, what insurance they have , answer some questions in regard to medical severity and then they would have a phone call with one of the care coordinators who educate them about the program. After that the patients fill out a medical form, and eventually meet over video chat with a licensed prescribing clinician.

Just after starting Ophelia, Grey was accepted into Y Combinator and he decided to bring on Mattan Griffel, an old friend who serves as a faculty member at Columbia’s Business School, as a cofounder.

 

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I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. tyron_robert7

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