
Mark Cuban isn’t solely on a mission to lower the price of popular prescription medications you might purchase from your favorite pharmacy. The billionaire entrepreneur and cofounder of the Mark Cuban Cost Plus Drug Co. wants to make so-called specialty drugs more accessible too.
The Shark Tank alum discussed his disruption of the “opaque” pharmaceutical industry during last night’s Fortune Brainstorm Tech dinner at CES in Las Vegas. Cuban directed much of his ire at pharmacy benefit managers (PBMs), third-party intermediaries between drug manufacturers and health insurance providers that he’s accused of price-gouging at patients’ expense. At dinner, he told Fortune’s Andrew Nusca that PBMs’ industry takeover extends to specialty pharmacies.