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Billionaire Mark Cuban Wants To Lower Drug Prices With Generics Startup
▻https://www.forbes.com/sites/katiejennings/2021/01/15/billionaire-mark-cuban-wants-to-lower-drug-prices-with-generics-startup

Billionaire Mark Cuban is mad about the high cost of prescription drugs in the United States, and he’s taking matters into his own hands. While Cuban is best known as an investor on the reality television show Shark Tank and owner of the Dallas Mavericks, you may soon see his name on pill bottles at local hospitals and pharmacies. The Mark Cuban Cost Plus Drugs Company, which launched out of stealth this week, aims to sell 100 different generic drugs at transparent prices by the end of year. 

“It’s ridiculous what the pricing for generic drugs is. Period end of story,” …

So far, so good.

… Cuban, who Forbes estimates to be worth $4.2 billion, wrote in an email. He did not disclose how much he invested in the eponymous company. “I put my name on it because I wanted to show that capitalism can be compassionate and to send the message I am all in.”

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