The Mark Cuban Cost Plus Drug Company (MCCPDC) is now up and operational. The new company website is costplusdrugs.com. And it is providing patients with as many common medications as possible. In order, to keep the pricing low the meds are available only in the generic form.
Mark Cuban, the billionaire owner of the Dallas Mavericks announced in November that he was launching an online pharmacy. The star of “Shark Tank” announced the plan for an investor-driven digital marketplace.
The venture is set to become a disruptor. It will be available direct-to-consumer, with all-cash payments. No insurance companies will be involved in the service. The goal is to sell medicines for what they cost to manufacture, plus 15 percent.
Admittedly there will be a very small profit margin. But by cutting out the “middlemen” and covering overhead costs patients get their medications at deep discounts. And the low “return on investment” (ROI) is not a problem.
Mark Cuban Cost Plus will have low ROI
Cuban says the company, by design, has streamlined operations and a low ROI.
