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."
Click Here For The Most Popular On Sunny Skyz
These Cat Reactions To Owners Calling Them Through Security Cameras Are Absolutely Hilarious
Kentucky Nurse Saves Drunk Raccoon With CPR After Dumpster Mishap
Shoulder Labrum Tear Symptoms And The Causes Behind Them
'Everyone Gets A Kick Out Of It': Baby Born At McDonald’s Parking Lot Has Perfect Nickname
The Mechanical Nurse At Guy’s Hospital Is Equal Parts Creepy And Brilliant
Dad And His Dog Share Breakfast Together Every Morning — And It’s The Sweetest Routine
Epic ‘Bohemian Rhapsody’ Flashmob Takes Over the Streets of Paris
Texas Cheerleaders Perform Emotional 9/11 Tribute That Brings Crowd To Tears
FDNY Honors Bride Whose Father Died On 9/11 With Touching Wedding Surprise
Honey Badger Picks Fight With Elephant, Gets Hilariously Booted Away
Tiny Soccer Rivals Choose Hugs Over Competition
