Billionaire investor Mark Cuban launched an online pharmacy Thursday that offers more than 100 generic drugs at an affordable price with a goal of being “radically transparent” in its price negotiations with drug companies.
Mark Cuban attends the 2019 NBA Awards at Barker Hangar on June 24, 2019 in Santa Monica, ... [+] California.
The Mark Cuban Cost Plus Drugs Company (MCCPDC) is a registered pharmaceutical wholesaler and purchases drugs directly from manufacturers, bypassing middlemen to lower the price of more than 100 medications, it said in a statement.
MCCPDC CEO Alex Oshmyansky reached out to Cuban with an idea for a low-cost generic drug company in a cold email.
Cuban told Forbes last year the pricing for generic drugs was “ridiculous.”
Mark Cuban's Online Pharmacy Opens (NBC5).
Billionaire Mark Cuban Wants To Lower Drug Prices With Generics Startup (Forbes). »