Cost Plus Drugs significant person Mark Cuban
Origins and concept
The company was launched in January 2022. It was co-founded by radiologist Alexander Oshmyansky and Mark Cuban. According to Cuban, in 2018, Oshmyansky contacted Cuban with an email entitled "cold pitch" in which he asked Cuban to invest in a pharmacy he envisioned to manufacture generic drugs and skip the middleman wholesalers. The company claims that the intermediary layer of the pharmacy benefit managers is typically responsible for the heavy markup that drugs see between the manufacturers and the customers. The company uses Truepill Pharmacy's accredited pharmacists to fill prescriptions. Prices are direct to consumer, without any need or role for insurance.