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Benzinga
Benzinga
Business
Rishabh Mishra

Mark Cuban Says Cutting PBM Fees Won't Reduce Pharmaceutical R&D Funding: 'Manufacturers Can Sell To Us For More'

Mark Cuban United States Cost Plus Drugs ETF
Los,Angeles,-,Jan,8:,Mark,Cuban,At,The,Special

In a strong rebuttal to concerns over pharmaceutical innovation, billionaire Mark Cuban, co-founder of Cost Plus Drugs and Shark Tank fame, argued that slashing pharmacy benefit manager (PBM) fees could paradoxically increase research and development (R&D) funding by allowing manufacturers to earn more.

What Happened: Cuban asserts that brands can earn more by selling directly to his cost-plus model, bypassing the “insane fees” and rebates charged by PBMs.

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