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Mark Cuban Pharmacy Seeks to Disrupt the Drug Business

Earlier this year the Shark Tank veteran, Dallas Mavericks owner and serial entrepreneur decided to actually do something about drug prices. ....

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How Mark Cuban jumpstarted one doctor's mission to slash drug prices

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Mark Cuban s new drug company has plans to slash drug prices by 90% or more.
Its CEO Dr. Alex Oshmyansky has been trying to do so for years, raising $1.3 million at Y Combinator in 2018.
It intends to cut high drug costs through transparent pricing and a new Dallas manufacturing facility that will finish packaging drugs for patient distribution.
Before launching with Y Combinator in 2018, Dallas radiologist Dr. Alex Oshymansky had been trying to lower the cost of generic drugs for years.
Under the name Osh s Affordable Pharmaceuticals, he set out in 2015 to manufacture low-cost rare disease drugs whose prices had shot up by 400 times or more. ....

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He's in! Shark Tank's Mark Cuban launches generics maker promising 'radically' low-cost drugs

Jan 14, 2021 10:48am
Mark Cuban s new company plans to disclose the cost of development and distribution for each of its drugs and then add a 15% margin to land on a wholesale price. (Gage Skidmore via Wikimedia Commons)
Billionaire investor Mark Cuban is famous for critiquing startup plans on the hit TV series “Shark Tank,” often dismissing would-be entrepreneurs with the show’s famous line, “I’m out.” But Cuban has also been a longtime critic of high health costs and now he’s jumping in to offer one solution.
Cuban has launched a new company, Mark Cuban Cost Plus Drugs, which has a plan to offer low-cost rivals to overpriced generic drugs. The company is launching with one product: albendazole, an antiparasitic. It will charge $20 per tablet, a steep discount to its current average cash price of $225, according to the company’s website. ....

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