Mavericks owner and Shark Tank celebrity Mark Cuban has launched a war against big pharma.
The multi-billionaire opened an online pharmacy to fight Big Pharma and provide people with affordable medicine.
Mark Cuban is cutting the middleman along with the aggressively marked-up prices; you won’t believe the difference.
Keep reading below to find out!
Welcome to Franknez.com – corporate media is not pushing this and won’t touch topic on this incredibly positive news. You know I gotta cover this.
Let’s get started!
Mark Cuban provides affordable medicine
Mark Cuban just made medicine extremely affordable, and I mean extremely affordable.
Big shoutout to my brother Randy who is a pharm tech for providing this information.
We are not surprised mainstream media isn’t covering this, I mean why would they?
Big Pharma is trillion-dollar industry netting hundreds of billions of dollars per year.
Profits have been expected to reach up to $610 billion in 2021 alone.
Big Pharma is one of the most powerful industries in the world and Mark Cuban’s online pharmacy just posed a major threat to the industry.
Top 5 Big Pharma companies by sales
Here’s a list of the top 5 Big Pharma companies by sales in the billions.
On the right side of the chart, you’re going to see the most popular prescriptions of these companies.
While Mark Cuban’s pharmacy website contains a variety of medicine (more on that below), they plan on adding new medications as the demand for certain medicines are requested.
This means Mark Cuban can provide Big Pharma’s most popular medicines at much more affordable costs.
See the online pharmacy’s price comparisons below!
And the list goes on and on.
Mark Cuban’s online pharmacy Cost Plus is going to make an incredibly positive impact as the business begins to scale.
It may not be so disruptive now during its inception, but it certainly has the capabilities to pose serious threat to big pharmaceutical companies in the long-term.
How are Cost Plus Drug Company’s prices so cheap?
Cost Plus is able to keep medicine prices low by providing the customer with wholesale prices instead of marking up costs like industry leaders do.
The company eliminates the middleman and aggressive markups to make popular generic medicine affordable for everyone.
Big Pharma companies get their medicine from wholesalers and then mark up the price for the retail market.
Often times the markup is so greedy that people find it difficult to keep up with the high costs of medicine.
Mark Cuban is doing what India has done to provide people with affordable medicine at scale and it’s incredible to see it happening in the states where a lot of capitalism tends to be corrupted by greed.
Where Big Pharma companies might have 100%+ markups and other fees, Cost Plus has a 15% markup rate and $3 pharmacy labor charge plus shipping.
Can Cost Plus Drug Company really compete with Big Pharma companies?
There’s no way Big Pharma will be able to keep up with this philanthropic venture.
Mark Cuban’s online business might be a little too new to make a dent in the industry at the moment, but it certainly has the structure to create massive change.
And while mainstream media isn’t pushing this information out, you can play a big part of that positive change by raising awareness.
Give this article a social share to show support for a much greater and brighter future.
Have more questions?
Check out the FAQs section at the very bottom of Mark Cuban’s pharmacy website for more information.
The company website goes over insurance questions, how the process works, and much more.
Cost Plus Drug Company is currently a private company therefore does not have a stock symbol yet.
However, stock enthusiasts are already looking forward to Mark Cuban’s pharmacy company IPO.
How do you feel about this news overall?
Leave a comment below.
Also, don’t forget to join the newsletter for more market news and stock related updates.
Twitter | Facebook | Instagram | YouTube | LinkedIn