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As of June 2022, the company had a selection of over 100 generic drugs, [7] and by March 2023, over 350 drugs were available. [8] 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.
Well, when we published the price list of what started as 100-plus drugs and now is 2,500 medications, all of a sudden there was a benchmark that everybody could compare.
Cost Plus Drugs is grounded in the simplicity of buying drugs and selling them directly to consumers at low, transparent costs, Cuban stressed. The online retailer now carries 2,500 medications ...
This trend is seen all across the healthcare industry, as the price of drugs increase so do the profits of the largest drug companies. Researchers in JAMA found that between 2000 and 2018, 35 of the largest drug companies in the United States received a combined revenue of $11.5 trillion with a gross profit of $8.6 trillion. [73]
The Mark Cuban Cost Plus Drug Company is teaming up with EmsanaRx, a pharmacy benefit manager, to make lower-cost prescription drugs more accessible to patients through their employers.
The negotiated drug prices would have to meet the following criteria: The negotiated drug price does not exceed than 120% of the drug's average price in Canada, the United Kingdom, Australia, Germany, France, and Japan. If that data is not available, then the price must not exceed 85% of the United States average manufacturer price.