Mark Cuban’s New Online Pharmacy Will Make Dallas, TX Home to a Pharmaceutical Revolution

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Joe Youngblood
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mark cuban cost plus drug company photo

A healthcare revolution is starting right here in Texas thanks to Mark Cuban and Dr. Alex Oshmyansky

“Everyone should have safe, affordable medicines with transparent prices.” ā€“ Mark Cuban

Mark Cuban’s new online pharmacy promises extreme savings on generic prescription drugs charging the company’s production costs plus a modest 15% markup. The pricing is radically transparent for consumers and cuts out the “middle men” businesses that help drive up the costs of generic prescrption drugs, which can end up costing American consumers hundreds of dollars per month for a single prescription. This flat-rate pricing will save pharmacy consumers up to 99.5% off of retail prices and up to 78% off of current lowest prices for the exact same prescription.

You can compare your generic prescriptions and calculate your savings on the Cost Plus Drug Company website here: https://costplusdrugs.com/

Soon the company will have a Deep Ellum Dallas-based manufacturing plant that Mark Cuban says will help them churn out even more prescription drugs, helping the company make generic drugs that others in the pharmaceutical industry refuse to due to lack of profit and helping health consumers save a bunch of money.

rendering of mark cuban cost plus drug company building in deep ellum dallas, tx
A rendering of the Cost Plus Drug company plant in Deep Ellum Dallas, TX by Jacobs Construction who is developing the project.

According to an article on Dallas Innovates (see “Thanks Y’all” below) the new drug plant will be a 22,000-square-foot building in Deep Ellum costing about $11 million to build. When it opens in September of this year the plant will employ 20 to 25 people then scale to upwards of 60 to 80 as production increases.

You might think this isn’t a big deal, but the savings Cost Plus provides to consumers are staggering and people around the business and tech community are taking notice. Here’s a tweet from California tech guru Garry Tan

And here are some of the cost differences between retail and Cost Plus pricing.

Imatinib
A treatment for leukemia.

  • Retail price – $9,657 per month
  • Lowest price that is not Cost Plus – $120 per month
  • Cost Plusā€™ price- $47 per month

Mesalamine
A treatment for ulcerative colitis.

  • Retail price – $940 per month
  • Lowest price that is not Cost Plus – $102 per month
  • Cost Plus’ price – $32.40 per month

Colchicine
A treatment for gout.

  • Retail price – $182 per month
  • Lowest price that is not Cost Plus – $32 per month
  • Cost Plus’ price – $8.70 per month

Vancomycin
A treatment for colitis.

  • Retail price – $679.04 per month
  • Cost Plus’ price – $32.10 per month

Albendazole
A treatment for tapeworms, roundworms, hookworms, and pinworms.

  • Retail price – $437.68 per month
  • Cost Plus’ price – $33 per month

Lisinopril
A treatment for high blood pressure and heart failure.

  • Retail price – $24 per month
  • Cost Plus’ price – $3.60 per month

Fluoxetine
A treatment for depression, obsessive-compulsive disorder, bulimia nervosa, and panic disorder.

  • Retail price – $22.94 per month
  • Cost Plus’ price – $3.90 per month

When talking about the new pharmaceutical manufacturing plant, Dr. Alex Oshymysansky the co-founder and CEO of Cost Plus told Dallas Innovates:

“At our manufacturing plant, weā€™ll be making drugs nobody else is willing to make at needed quantities due to a lack of profit. It will allow us to provide products which are in shortage and which otherwise have extremely high margins from manufacturers.” – Alex Oshmyansky, co-founder and CEO of Mark Cuban Cost Plus Drug Company

This is nothing short of a revolution in the business of medicine and it’s firmly being rooted here in Texas.

What Cost Plus Users Are Saying
These are (unverified) users talking about their experience with Cost Plus so far.

This person deleted her tweet because she was upset that it promoted capitalism:

Thanks Y’all:
This article is partly based on and includes data from an article by journalist David Seely for Dallas Innovates. We included some pricing data from David’s article and pulled a quote by the co-founder for the Mark Cuban Cost Plus Drug Company (Dr. Alex Oshymysansky). Read David’s full article here for more insights and context: Mark Cuban Launches His Online Cost-Plus Pharmacy, Takes on Big Pharma with Lowā€‘Cost Generics

Editor’s Note: We used the name “Cost Plus” or “Cost Plus Drug Company” in lieu of the company’s full name “Mark Cuban Cost Plus Drug Company” in order to make the article easier to read.

Featured photo via the Mark Cuban Cost Plus Drug Company

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