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Billionaire Mark Cuban Starts Low-Cost Drug Company | WACO-FM

Jan 29, 2021 Billionaire Mark Cuban is getting into the drug biz. The owner of the Dallas Mavericks and investor on the show “Shark Tank” has launched a generic drug company, the Mark Cuban Cost Plus Drug Company, which says it’s dedicated to producing low-cost versions of high-cost generic drugs. They also pledge to “provide radical transparency” in the way their drugs are priced. The Cost Plus company will publish costs to manufacture, distribute and market drugs to pharmacies. “We add a flat 15% margin to get out wholesale prices. There are no hidden costs, no middlemen, no rebates only available to insurance companies,” their website explains. “Everybody gets the same low price for every drug we make.”

Dallas has 10 COVID-19 vaccination registration sites: See where they are and what days they are open

Dallas has 10 COVID vaccine registration sites. See where they are and when they’re open The majority of nearly a dozen temporary registration sites are in southern Dallas. Noemi Gonzalez (right), Senior Secretary to Commissioner Elba Garcia, helps Maria Dominguez register for a COVID-19 vaccine at a Pollo Campero location on N. Cockrell Hill Road on Thursday, Jan. 28, 2021, in Dallas. The registration drive-through event, organized by Oak Cliff activist Leslie Cannon, took place in the 75211 zip code, which has been heavily affected during the pandemic. (Lynda M. González/The Dallas Morning News)(Lynda M. González / Staff Photographer) The city of Dallas announced on Thursday almost a dozen grocery stores, recreation centers and other sites where people can get help signing up for a COVID-19 vaccine.

Shark Mark Cuban Launches Generic Drug Business

A recent FiercePharmaarticle discussed the newest business venture for billionaire serial entrepreneur and investor. Cuban is probably best known as the owner of the Dallas Mavericks and tv personality on Shark Tank where he and a panel of other investors listen to startups pitches and decide whether or not to invest. Cuban’s new company is called Mark Cuban Cost Plus Drugs, and it touts itself as providing “radically transparent, low cost versions of high cost generic drugs.” Consistent with the message of transparency, Cuban says the company will disclose the cost of development and distribution for each of its products and then add a 15% margin to arrive at a wholesale price. The company’s first product will be albendazole, an antiparasitic with an average cash price of $225 per tablet, that Cost Plus will sell at $20 per tablet. Cuban is building a manufacturing facility in Dallas, and plans to be marketing more than 100 drugs by the end of 2021.

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