Mark Cuban’s Cost Plus Drugs Expands To Employers In Quest To Disrupt Big Pharma
Brian Bushard – Forbes Staff
Dec 10, 2022
Billionaire investor Mark Cuban’s self-titled low-cost pharmaceutical company Mark Cuban Cost Plus Drug Company partnered with a major pharmaceutical company this week as the Dallas Mavericks owner looks to access employer benefit programs and compete more directly with pharmacy giants like CVS, Rite Aid and Walgreens.
Billionaire Mark Cuban’s low-cost drug company is taking steps to disrupt the pharmaceutical … [+]
Cuban’s drug company announced on Thursday it is partnering with pharmacy benefit management company Purchaser Business Group on Health—expanding the employer-provided health care program by allowing Americans to sign up through its subsidiary, EmsanaRX Plus, for low-cost drugs offered by Cuban’s company.
Through the program, customers must request a prescription from a U.S.-based provider in order to purchase medication from its website, while employers can now use Emsana RX as a supplement to existing health benefits packages for lower-cost drugs.
Rather than working through major insurance providers, Cuban’s company, which offers more than 100 generic medications, uses a fixed 15% mark-up and a $3 pharmacist fee, boasting to eliminate the middleman and have no hidden costs.
The company, which works with Truepill pharmacy to fill prescriptions, says it buys medications directly from third-party suppliers and plans to manufacture its own products upon the completion of a 22,000-foot plant, which is currently under construction outside Dallas.