Reported by Economic Times Tech, not nibnow. We are not the publisher of this story, only the source is.
Cuban's Cost Plus Drug Company uses a transparent pricing model that could influence drug costs for consumers, making his venture relevant to anyone paying for medication.
Cuban, famous for his role on business reality show "Shark Tank" and his involvement in the Dallas Mavericks NBA team, ventured into healthcare when he started the online pharmacy Cost Plus Drug Company in 2022 with a standard pricing scheme: the cost it pays for the drug, plus 15%.
Mark Cuban is a billionaire entrepreneur known for "Shark Tank" and owning the Dallas Mavericks; his Cost Plus Drug Company is an online pharmacy that sells drugs at the purchase price plus a fixed 15% markup, a model that differs from traditional pharmacy markups.