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Billionaire Mark Cuban launches online pharmacy with generic drugs at affordable prices

Last week, tech entrepreneur, shark tank Dallas Mavericks investor and owner Mark Cuban has entered the competitive race for billionaire-class philanthropy by launching an online health marketplace offering generic drugs at affordable prices. But his new business is not a charity. The new digital pharmacy called Mark Cuban Cost Plus Drug Company (MCCPDC) promises to sell drugs at drug prices plus a 15% markup and a $3 pharmacist fee. Shipping is an additional $5. At launch, the website sells over 100 drugs, and although insurance is not accepted by society, many of these drugs are priced below what people would pay even with insurance.

“The price of generic drugs is ridiculous. End of the period of history,” Cuban said Forbes by email.

The pharmacy’s website, costplusdrugs.com, further explains its mission of affordability and transparency. “We started Mark Cuban Cost Plus Drug Company because every American should have access to safe and affordable drugs. If you don’t have insurance or have a high deductible plan, you know that even the most basics can cost a fortune. Many people spend crazy amounts of money every month just to stay healthy. No American should have to suffer or worse, because they can’t afford basic medicines. prescription,” Cuban wrote on the site.

At launch, drugs for conditions ranging from cancer to high cholesterol, HIV, diabetes, and more. are available for sale, and the company plans to expand its offering. “We’ll add them as soon as possible,” Cuban tweeted to someone asking about a drug that wasn’t initially available on the market. He also noted that they’re “building a factory in Dallas so we can make our own injectables. [sic] And if costs go down, prices will go down too, although they intend to stick to that 15% markup. “If others beat our prices, we rejoice,” Cuban said on Twitter.

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Joan J. Dean

The author Joan J. Dean