According to a recent USA Today article, billionaire Mark Cuban has entered the online pharmacy sector with a mission to lower prescription drug costs. The Mark Cuban Cost Plus Drug Company will offer drugs for diabetes, heart health, gastrointestinal issues, mental health, cancer, and antibiotics.
The company’s press release gave the example of Imatinib, a leukemia drug that costs $9,657 per month and a price of $120 per month with a voucher. Cuban’s company will offer the same drug for $47 per month. Cuban’s direct-to-consumer model eliminates middlemen and their fees to essentially offer prescription drugs at wholesale prices.
