Billionaire Launches Drug Company To Offer Low-Cost Versions Of High-Cost Drugs
January 28, 2021
Billionaire Mark Cuban has launched a generic drug company called the Mark Cuban Cost Plus Drug Company.
The company says it is dedicated to producing low-cost versions of high-cost generic drugs and pledges to "provide radical transparency in how we price our drugs."
The Cost Plus company will publish the costs to manufacture, distribute and market its drugs to pharmacies.
"We add a flat 15% margin to get our wholesale prices. This makes sure we remain viable and profitable. There are no hidden costs, no middlemen, no rebates only available to insurance companies. Everybody gets the same low price for every drug we make," the website states.
The first drug Cost Plus will produce is albendazole, an antiparasitic drug.
The company is hoping to introduce more than 100 drugs by the end of 2021, as well as build a pharmaceutical factory in Dallas by 2022.
"Our goal is that everyone should be able to afford their medicine," the company says.
"Everyone should know what it cost to make their medicine. Everyone should feel the price they paid for their medicine was fair."
Dogs Are Forced To Wear The Things They Steal — And It’s Hilarious
His Girlfriend Brought Home a Cat He Didn’t Want. Now, They’re Best Friends
5 Genuinely Wholesome Things Happening on Video Calls Right Now
A Dad Keeps a Running List of Every Dog He Meets on His Beach Walks
Miles Don't Have to Separate Us; You Just Need to Use Technology!
Supermarket Manager Saves Little Girl From Oncoming Traffic Just In Time
Missing Toddler Walks 7 Miles Into Wilderness, Then a Dog He'd Never Met Finds Him
Rescue Dog Reaches Out Paw to Pray With Priest During Church Service
Golden Retriever Brings Toys to a Man Breaking Into His Home
Dad and Daughter Pilots Recognize Each Other on the Radio, and It Gets Hilarious
