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Alex Oshmyansky
[Image: :ADragan/istock]
Mark Cuban Cost Plus Drugs Begins Manufacturing Critical Meds in Dallas This Week, CEO Says at White House
by Quincy Preston and David Seeley | Mar 6, 2024
On Monday, the online pharmacy's co-founders—Mark Cuban and CEO Dr. Alex Oshmyansky—took part in a White House roundtable on lowering healthcare costs and bringing transparency to prescription drug middlemen. Cuban criticized the industry's business practices, saying these middlemen keep drug prices high and that independent pharmacies can be forced to absorb losses when reimbursed less than the cost of the medications they purchase.
by David Seeley |
Oct 3, 2023
Carlisle, who joined the Mark Cuban Companies in 2021 as a venture capital associate, is hosting a new podcast that launched Tuesday—and "It's Just Business." On the podcast series, Carlisle will interview founders about how they started their businesses and lessons learned along the way.
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by David Seeley |
Aug 22, 2023
Dallas-based Cost Plus Drugs announced today that it's teaming up with Drexi, a Phoenix-based pharmacy benefit manager that calls itself a "virtual wellness assistant" offering "honest pricing and better benefits, one prescription at a time." Drexi also helps customers track their prescriptions as a "wellness partner." See why teaming up made sense for both disruptive startups.
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by Quincy Preston |
Mar 16, 2023
These standouts—startup founders, tech pioneers, educators, creators, social innovators, and business leaders—are transforming entire industries and making waves in their respective fields.
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Rendering of Mark Cuban Cost Plus Drug Company's manufacturing plant in Dallas' Deep Ellum neighborhood. [Image: Jacobs]
Mark Cuban Cost Plus Drugs Partners with OncoPower to Help Cancer Patients Save on Medications
by David Seeley | Jan 30, 2023
Dallas' Mark Cuban Cost Plus Drug Company announced a collaboration today with Houston-based OncoPower that will enable cancer patients using OncoPower to look up pricing and order less expensive medications.
OncoPower offers a free app and website with a social media-style format where patients can access professionals including dietitians and behavioral therapists, as well as cancer education and meditation content, tools for treatment adherence, and clinical trial mapping.
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by David Seeley |
Feb 2, 2022
The $11 million, 22,000-square-foot facility is expected to produce low-cost generic versions of traditionally overpriced drugs—and aims to be a designated site for producing drugs which other companies see as unprofitable to make. Two weeks ago, the MCCPDC launched its online pharmacy, offering 100+ generic drugs at manufacturer cost plus a flat 15% margin and a $3 pharmacist fee.
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by David Seeley |
Jan 19, 2022
The Mark Cuban Cost Plus Drug Company aims to "disrupt and disable big pharma" by offering more than 100 generic drugs "at striking savings" direct to consumers on a cash-pay basis.
As a pharmaceutical wholesaler, MCCPDC says it can "bypass middlemen and outrageous markups" by simply charging a flat 15% margin and pharmacist fee. With an $11M plant going up now in Deep Ellum, Cuban clearly means business.
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by David Seeley |
Oct 26, 2021
The Mark Cuban Cost Plus Drug Company is building an $11M, 22,000SF drug manufacturing plant in Dallas' Deep Ellum, aiming to "disrupt and disable big pharma." The startup plans to launch an online pharmacy selling 100 of the most commonly prescribed generic prescription drugs at a 15 percent markup plus a $3 dispensing fee.
"Our only goal is to push down the pricing of drugs for every American," the company pledges.
"Our only goal is to push down the pricing of drugs for every American," the company pledges.
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