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Medicare could have saved $3.6 billion in a single year if it had bought generic drugs from Mark Cuban’s online pharmacy, according to a Harvard University report. In the report published this week in Annals of Internal Medicine, researchers from Brigham’s and Women’s Hospital with the Harvard Medical School made
Researchers compared what the U.S. government pays for prescription drugs to the prices of generic drugs sold at the entrepreneur’s new online pharmacy.
Getty Images Starting a business that charges lower prices and that -- however counterintuitively -- provides a better product, service, or experience is a successful entrepreneurial strategy. Like Uber with taxis. Aldi and grocery stores. Amazon and, well, everything. Add Mark Cuban and his just-launched Mark Cuban Cost Plus Drug Company, a pharmaceutical company that plans to make less expensive versions of selected (read: expensive) generic drugs. The company's first drug will be a generic version of albendazole, an antiparasitic drug used to treat hookworm. Treated early, two tabl...