What BioMed does

BioMed Health Solutions, LLC is a privately held specialty compounding pharmacy headquartered in Southfield, Michigan, operating since approximately 2008 as the first independently owned specialty and compounding pharmacy in Midtown Detroit. The company custom-compounds prescription medications — primarily topical pain creams and gels (multiple proprietary formulas such as #3, #4, #5, #7, #8, #106, #107) that combine NSAIDs, local anesthetics, muscle relaxants, and neuropathic pain relievers for localized application — alongside bio-identical hormone replacement therapy, testosterone replacement therapy, dermatology compounds (including hair loss formulations H5/H6), nail fungus treatment, Low Dose Naltrexone, veterinary medications, and OTC nutritional supplements (Neuro-B 800, UltraSorb D3) and foot care products (HydraSole).

The underlying technology is physical pharmaceutical compounding rather than software: state-of-the-art compounding equipment (electronic balances, electronic mortar & pestles, ointment mills, countertop hoods) operating under PCAB accreditation through ACHC, HIPAA-compliant privacy practices, and proprietary transdermal formulation expertise developed over ~15 years. BioMed holds no patents but maintains a portfolio of quasi-proprietary formulas and branded sub-products.

BioMed generates revenue through three streams: (1) prescription compounding services reimbursed by commercial insurance, Medicare, auto insurance, and workers' compensation (zero copay for eligible patients), with free confidential home delivery; (2) unit-priced OTC nutritional supplements and foot care products sold direct-to-consumer via wellnessbiomed.com; and (3) physician-driven distribution through 2,000+ prescribers across 13+ specialties plus PharMor Pharmacy affiliate pickup locations across the Detroit metro area. Go-to-market is sales-led, anchored by clinical education programs, CME offerings, and partnerships with Michigan medical associations. The company has served over 40,000 patients cumulatively and operates from Southfield, Saginaw, Chicago, and 10+ PharMor affiliate locations.

Name

BioMed

Legal name

BioMed Health Solutions, LLC

Website

https://biomedrelief.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

BioMed is a privately held, PCAB-accredited compounding pharmacy headquartered in Southfield, Michigan that custom-formulates topical pain medications, hormone replacement therapies, dermatology compounds, and OTC supplements for over 40,000 patients served through 2,000+ prescribing physicians across Michigan, Illinois, and Ohio.

Ownership category

akta.pro rank

Product category

Specialty Compounding Pharmacy

NAICS

Pharmaceutical Preparation Manufacturing (325412), Pharmaceutical and Medicine Manufacturing (3254)

SIC

Pharmaceutical Preparations (2834)

akta.pro primary industry

Pain Management & Anesthesiology Pharmaceuticals (HLAIAAAN)

akta.pro secondary industries

Neurology & CNS Specialty Pharmaceuticals (HLAIACAC), Specialty Care Pharmaceuticals (HLAIAAAB)

Keywords

• Compounding pharmacy services
• Topical pain medications
• Hormone replacement therapy
• Specialty prescription medications
• Nutritional supplements

Headquarters

HQ city

Southfield

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Prescription Compounding Services: BioMed generates revenue through compounding customized prescription medications for pain management, dermatology, podiatry, and hormone replacement therapy. Prescriptions are covered by most insurance plans including Medicare. The company directly bills auto insurance and workers' compensation with zero copay for eligible patients.
2. Nutritional Supplements: Sale of proprietary nutritional supplements including Neuro-B 800 (pharmaceutical grade medical food for diabetic nerve damage) and UltraSorb D3 (micellized Vitamin D supplement). Neuro-B 800 retails for $39.99 for 60 capsules with free shipping, available both online and through healthcare providers.
3. Foot Care Products: Sale of HydraSole foot care products through online ordering via wellnessbiomed.com.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

BioMed is a specialty compounding pharmacy that prepares customized prescription medications — primarily topical pain creams and gels, bio-identical hormone replacement therapy, dermatology compounds, podiatry compounds and specialty formulations such as low-dose naltrexone — based on prescriptions from over 2,000 physicians. The company also sells a small proprietary line of over-the-counter nutritional supplements (Neuro-B 800 for diabetic nerve damage, UltraSorb D3) and a foot care product (HydraSole) through its own e-commerce site, with most services covered by insurance including Medicare.

Product overview

BioMed is a specialty compounding pharmacy offering prescription compounded medications, primarily focused on topical pain management treatments. The core product portfolio centers on custom-compounded topical pain creams and gels (various formulas including #3, #4, #5, #7, #8, #106, #107) that combine NSAIDs, anesthetics, muscle relaxants, and neuropathic pain relievers for localized application. The company also offers hair loss treatments (Formula H5 for men, Formula H6 for women), foot care products (HydraSole™), nutritional supplements (Neuro-B 800® for diabetic neuropathy, UltraSorb D3®), bio-identical hormone replacement therapies for women (BHRT) and men (Testosterone Replacement Therapy), dermatology treatments (nail fungus, skin lightening, scar treatment), Low Dose Naltrexone, and veterinary compounded medications. All products are prescription-based and customized to individual patient needs in collaboration with healthcare providers.

Differentiator

Problem solved

Functional benefit

Brands

• HydraSole: All-in-one foot cream that inhibits fungal infections with Oleic Acid while softening and renewing feet with Urea.
• Neuro-B 800
• UltraSorb D3
• Formula H5
• Speed Gel

Products and services

• Topical Pain Creams (Multiple Compounded Formulas, e.g., #3, #4, #5, #7, #8, #8C, #8D, #106, #107) Custom-compounded prescription topical pain medications (creams and gels) combining NSAIDs, local anesthetics, muscle relaxants and neuropathic pain relievers, applied directly to the site of pain for localized treatment of arthritis, neuropathy, muscle, inflammatory, and chronic pain conditions; prescribed by physicians and dispensed to patients.
• Speed Gel (Speedgel #7, #5F) Transdermal pain gel formulations for localized pain relief, prescribed by BioMed's network of physicians.
• Shingles Relief Cream Topical prescription pain medication combining multiple active ingredients to address shingles-related pain.
• Formula H5 Proprietary compounded hair loss topical solution for men containing multiple active ingredients for regrowing hair and addressing thinning hair, marketed as the #1 dermatology-recommended compounded medication for thinning hair.
• Formula H6 Proprietary compounded hair regrowth topical solution for women with thinning hair.
• HydraSole Foot Cream Proprietary all-in-one foot cream that inhibits fungal infections with Oleic Acid while softening and renewing feet with Urea, and uses Aloe Vera, Vitamin E and Peppermint Oil to prevent irritated and cracked skin; sold directly via wellnessbiomed.com.
• Neuro-B 800 Pharmaceutical-grade nutritional supplement formulated with 5MTHF (active folate) and B vitamins (B2, B6, B12) to support blood flow and nerve repair in patients with diabetic nerve damage; available with free shipping for $39.99 per 60 capsules online and through healthcare providers.
• UltraSorb D3 Water-soluble micellized Vitamin D3 supplement designed for increased absorption and bioavailability to support bone health, immune function and overall wellness; pharmaceutical grade.
• Bio-identical Hormone Replacement Therapy (BHRT) for Women Customized bio-identical hormone replacement therapy for women using hormones chemically identical to those the body naturally produces, addressing hormonal imbalance, menopause symptoms and post-hysterectomy needs.
• Testosterone Replacement Therapy (TRT) for Men Customized bio-identical testosterone replacement therapy compounded into topical creams or gels at physician-specified dosages (typically 3% to 10%), for men with andropause/hypogonadism.
• Compounded Nail Fungus Treatment Compounded topical prescription treatment for nail fungus infections.
• Low Dose Naltrexone (LDN) Compounded low dose naltrexone offered as an alternative pain management treatment option.
• Compounded Scar and Keloid Treatment Compounded topical prescription treatment for scars and keloids.
• Compounded Skin Lightening Products Compounded prescription dermatology products for skin lightening applications.
• Compounded Topical Anesthetic Compounded topical anesthetic products for clinical use.
• Veterinary Compounded Medications Compounded prescription medications tailored for veterinary use.

Quantifiable outcome

• Over 40,000 patients have been assisted with pain management
• +2 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Pharmacy Compounding Accreditation Board (PCAB)coreStrategic or Co-development PartnerPCAB accreditation ensures that BioMed's staff, facility and medications meet or exceed national quality standards. This voluntary accreditation sets BioMed apart from competitors and demonstrates their commitment to providing highest quality customized medications and services.
• American Academy of Anti-Aging MedicineminorOthersProfessional organization providing accreditation and resources related to anti-aging medicine.
• American Society of Pain EducatorsminorOthersProfessional organization focused on pain management education.
• American Academy of Pain ManagementminorOthersProfessional organization providing pain management certification and resources.
• PCCA (Professional Compounding Centers of America)coreTechnology or IntegrationPCCA provides compounding supplies, education, and support services to independent compounding pharmacies.
• IACP (International Academy of Compounding Pharmacists)minorOthersProfessional association representing compounding pharmacists.
• American College of ApothecariesminorOthersProfessional organization for compounding pharmacy professionals.
• Better Business BureauminorOthersBBB accreditation indicates commitment to ethical business practices.
• PharMor PharmacyminorChannel Partner/ Reseller/ DistributorPharMor Pharmacy affiliate locations throughout the Detroit metro area allow patients to obtain prescriptions. These are independently operated PharMor locations that work with BioMed for prescription fulfillment.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Tailor Made Compounding: PCAB-accredited specialty compounding pharmacy producing custom topical pain, hormone, and pediatric formulations prescribed by physicians. Mirrors BioMed's prescriber-led, multi-ingredient compounding model with proprietary formula branding.
• Pentec Health: Specialty pharmacy and infusion services provider focused on pain management, compounded sterile preparations, and clinical nutrition — overlapping BioMed in pain and nutrition supplement services and in physician partnership model.
• Innovative Compounding Pharmacy: Independent PCAB-accredited compounding pharmacy offering custom topical pain, hormone, and dermatology preparations prescribed by physicians. Closely mirrors BioMed's value proposition: physician-referred compounding with proprietary multi-ingredient formulas.
• Avella Specialty Pharmacy: PCAB-accredited specialty and compounding pharmacy offering custom compounded medications and clinical support to physicians and patients nationwide. Directly comparable to BioMed in compounding depth, prescriber-driven GTM, and topical pain/hormone/dermatology focus.
• Pharmacia Compounding: Specialty compounding pharmacy focused on bio-identical hormone replacement, thyroid, and pain management preparations. Directly comparable to BioMed in BHRT/TRT services, prescriber-driven model, and use of multi-ingredient custom formulations.
• VLS Pharmacy: Specialty compounding pharmacy producing custom dermatology, hormone, and pain medications for physician offices and patients. Comparable to BioMed in prescriber-led sales motion and proprietary topical formulations.

Broad incumbents

• Empower Pharmacy: Large 503A/503B compounding pharmacy producing custom preparations across hormone, pain, dermatology and veterinary categories for patients and clinics nationwide. Comparable in compounding breadth to BioMed but operating at significantly greater scale and shipping volume.
• Walgreens Specialty Pharmacy: Large national specialty pharmacy owned by Walgreens Boots Alliance providing compounded and specialty medications across pain, hormone, and dermatology conditions. Overlaps BioMed's core services but at vastly greater scale and through retail storefront reach.
• CVS Specialty: Specialty pharmacy arm of CVS Health dispensing complex and compounded therapies for chronic conditions. Comparable to BioMed in servicing prescriber-driven specialty prescriptions but with national infrastructure, payer contracts, and Caremark formulary integration.

Regional players

• Nora Apothecary: PCAB-accredited compounding pharmacy serving Indianapolis and the broader Midwest with custom prescriptions including topical pain, hormone, and dermatology. Comparable to BioMed in compounding offerings and regional specialty positioning, though operating in a different Midwest geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BioMed