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generic drugs
[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 |
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 |
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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