Last week, billionaire and Dallas Mavericks owner Mark Cuban launched a new website that offers generic pharmaceutical drugs at a cheaper price than what’s available at most pharmacies. The company is called the Mark Cuban Cost Plus Drug Company (MCCPDC).
MCCPDC will compete with pharmacy giants Walgreens Boots Alliance Inc (NASDAQ:WBA), CVS Health Corp (NYSE:CVS) and Rite Aid (NYSE:RAD). Cuban’s new company will bypass added middleman costs by purchasing generic drugs wholesale directly from manufacturers.
