Mark Cuban has arguably earned a spot on the most popular NBA team owners list. He held the ownership of the Dallas Mavericks for more than two decades and recently decided to sell it. This news shocked everyone as he grew the company’s value to $4.5 billion. However, he had his reasons to do so. Apart from being the former owner of the Mavericks, Cuban is the co-founder of a pharmaceutical company, ‘Cost Plus Drugs’.
Just like every other business of Cuban, the pharmaceutical company has taken the world by storm because of its mission. Notably, apart from being a businessman whose net worth is 6.2 billion, Cuban is an investor, TV personality, and Film producer. He is one of the Sharks at the infamous show ‘Shark Tank’ and is also the richest among them all.
Who is changing healthcare this new year ? @costplusdrugs is !
let’s get it started with another price drop !
And don’t forget we now carry more than 2024 meds ! https://t.co/WCqFB1eQ11
— Mark Cuban (@mcuban) January 1, 2024
Furthermore, he launched ‘Cost Plus Drugs‘ in January 2022 and it has already seen massive success. It goes without saying that in America, the healthcare system is among the most expensive. From getting tested at the hospital to simply getting medicines, everything costs a fortune. To efficiently deal with this issue and improve public health, Cuban and Alex Oshmyansky came up with a direct-to-consumer pharmaceutical company.
On the official website of the company, Cuban’s statement regarding the company is, “I could make a fortune from this…But I won’t. I’ve got enough money. I’d rather f— up the drug industry in every way possible.” This in itself speaks volumes about Cuban’s brilliant mindset and willingness to not only come up with solutions but also effectively implement them.
Mark Cuban’s pharmaceutical company sells around 2,200 drugs directly to patients
Mark Cuban’s pharmaceutical company has been in the market for almost two years now. It has successfully been able to add around 2,200 drugs to its stock that will be directly sent to patients. The company’s mission is to provide everyone with safe, affordable medicines with transparent prices. So far, they have been successfully doing so.
The Mark Cuban Cost Plus Drug Company can provide cheaper medicines as there is no middleman. The customers receive medicines directly from the manufacturers at a fair price. To make the process transparent, the company discloses the price of the medicines. On top of it, the customers pay a 15% markup, a $5 pharmacy service fee, and a $5 shipping fee.