Billionaire Mark Cuban is going viral this weekend because of his low cost prescription drug company.
Earlier this year, Cuban launched his Cost Plus Drug Company with the slogan, “No middlemen. No price games. Huge drug saving.” Cuban’s company buys large quantities of high-demand drugs and sells them to customers at a 15% markup which ends up being much lower than competitors’ prices.
“Every product we sell is priced exactly the same way, our cost plus 15%, plus the pharmacy fee, if any. When you get your medicine from Cost Plus Drug Co., you’ll always know exactly how we arrived at the price you pay. And as we grow and our costs go down, we will always pass those savings on to you,”
Cuban’s drug company went viral on social media after several people talked about how much money they saved using Cuban’s prescription drug website.
@mcuban just saved my life making my seizure medication affordable. 💕 pic.twitter.com/8gyPIICv0g
— Zakk Cash (@Zakk_Cash) June 18, 2022
Good guy Mark Cuban pic.twitter.com/9tBdA9Zcgi
— Dan Go (@FitFounder) June 7, 2022
I just found a 3 month supply of the antidepressants I take for only $28.20. Saving me over $930 for the same span. It’s incredible what you are doing 🙏🏽
— Alex Matteo (@Alexmatteo94) June 19, 2022
https://twitter.com/pamela_barone/status/1538519493084946434
My medication is $89.99 for a bottle of 30 pills (without insurance)
With my insurance it is $21.49
That’s 257.88 I’d spend if I don’t meet my high deductible.I just went to Mark Cuban’s website to check (curiosity) and I can get 90 pills for $7.50!?! 😱
— Tatianna Irizarry-Meléndez🇵🇷💜🧡#LoveWins💜 (@TatiaMelendez) June 19, 2022
mark cuban's pharmacy store is insane at showing off how corrupt big pharma is. this is leukemia medication. retail has it at a 17,700% markup comparatively. absolutely insane. pic.twitter.com/DHQkhmMvhV
— 🐍Knerbin🐍 (@Knerbus) June 18, 2022
Cuban says the site only sells 100 drugs at the moment but they plan to expand and sell over a thousand drugs in a year.
Please help us spread the word. We WONT SPEND A NICKEL ON MARKETING. WE COMPLETELY RELY ON WORD OF MOUTH This allows us to price at such low prices. So all help is welcome from everyone and anyone ! https://t.co/yxVJ2mNJad
— Mark Cuban (@mcuban) June 19, 2022
Please tell others that take these. We expect to add more than 1k more meds over the next 12 months, if not sooner. https://t.co/eP6JNL0QIt
— Mark Cuban (@mcuban) June 18, 2022
Here’s an interview where Cuban explains the reasoning behind opening Cost Plus Drugs
I asked @mcuban about tackling sky-high drug costs as a business problem instead of a political one: "As an entrepreneur, any time I see an industry that's been run the same way for decades… obfuscated to the point where there's no transparency … to me that's an opportunity." https://t.co/eij2EYXiQO
— Geoff Bennett (@GeoffRBennett) June 5, 2022