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Published: Jan 25, 2022 7 min read
Mark Cuban and a picture of a pill bottle from his company
Money; Getty Images

Billionaire entrepreneur Mark Cuban recently launched a new venture to combat the sky-high prices of prescription drugs. Cuban, best known as the owner of the Dallas Mavericks and for his role in the reality TV show Shark Tank, is now putting his name behind a new online pharmacy offering low-price generic drugs to the public — with no insurance needed.

In fact, insurance is not accepted at all at the new venture, which is called the Mark Cuban Cost Plus Drug Company (MCCPDC) and officially launched Jan. 19, according to a news release.

The company is a direct-to-consumer online pharmacy that pledges “radically transparent” drug prices. The MCCPDC website, CostPlusDrugs.com, currently offers an inventory of more than 100 generic drugs that are deeply discounted from their retail prices. Shipping is currently available to 49 states — all except North Carolina.

"We will do whatever it takes to get affordable pharmaceuticals to patients," said CEO Alex Oshmyansky in the release. "The markup on potentially lifesaving drugs that people depend on is a problem that can't be ignored.”

As part of its transparency pledge, the online pharmacy breaks down exactly how much you’re paying for a specific drug and why. The company shares what it pays drug manufacturers, then adds a 15% markup plus a flat $3 pharmacy labor fee — all of which are explicitly outlined during the checkout process.