Mark Cuban Cost Plus Drug Company (MCCPDC), doing business as Cost Plus Drugs, is an American public benefit corporation, founded in 2022[1] with its main headquarters located in Dallas, Texas. The company is focused on the pharmacy distribution of drugs with a stated goal to lower the prices for generic drugs by removing middlemen, such as pharmacy benefit managers and by moving to a cost-plus pricing strategy.[2]
Origins and concept
Cost Plus Drugs was launched in January 2022.[3] It was co-founded by radiologistAlex Oshmyansky and billionaire Mark Cuban. According to Cuban, in 2018, Oshmyansky contacted Cuban with an email titled "cold pitch" in which he asked Cuban to invest in a pharmacy he envisioned to manufacture generic drugs and skip the middleman wholesalers.[4] The company has said that the intermediary layer of the pharmacy benefit managers is typically responsible for the heavy markup that drugs see between the manufacturers and the customers.[5][6] The company uses Truepill Pharmacy's accredited pharmacists to fill prescriptions. Prices are direct to consumer, without any need or role for insurance.
Operations
Oshmyansky is the founder and CEO.[4][2] As of February 2022, the company was in the process of constructing a 22,000-square-foot (2,000 m2) factory in Deep Ellum, Dallas, for the purpose of manufacturing drugs in-house, which is scheduled to open in the 4th Quarter of 2022.[7]
As of June 2022, the company had a selection of over 100 generic drugs,[8] and by March 2023, over 350 drugs were available.[9] In December 2023, the company had over 2200 drugs available. The drugs are sold for a price equivalent to the company's cost plus 15% markup, a $5 pharmacy service fee, and a $5 shipping fee.[5][10] The company ships to all 50 US States.[11]
