{"id":210301,"date":"2024-03-05T05:26:13","date_gmt":"2024-03-05T05:26:13","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/05\/mark-cuban-cost-plus-drug-company-to-begin-manufacturing-own-pharmaceuticals-in-dallas\/"},"modified":"2025-06-25T17:21:13","modified_gmt":"2025-06-25T17:21:13","slug":"mark-cuban-cost-plus-drug-company-to-begin-manufacturing-own-pharmaceuticals-in-dallas","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/05\/mark-cuban-cost-plus-drug-company-to-begin-manufacturing-own-pharmaceuticals-in-dallas\/","title":{"rendered":"Mark Cuban Cost Plus Drug Company to begin manufacturing own pharmaceuticals in Dallas"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<p>The <a href=\"https:\/\/costplusdrugs.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Mark Cuban Cost Plus Drug Company<\/a> will begin manufacturing its own medications in Texas this week, cofounder and CEO <a href=\"https:\/\/www.linkedin.com\/in\/alex-oshmyansky-md-phd-06a3174b\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Dr. Alex Oshmyansky<\/a> announced Monday during a White House roundtable on lowering health care costs.<\/p>\n<div>\n<p>\u201cCost Plus Drugs is proudly bringing pharmaceutical manufacturing back to the U.S., with advanced robotic and AI computer vision technology,\u201d Oshmyansky said. \u201cThat allows us to pivot from making one drug type to another very rapidly\u2014in principle, within four hours.\u00a0<\/p>\n<p>\u201cThat way, whatever product is in shortage, we can start making that product.\u201d<\/p>\n<p>The company, which Oshmyansky launched in January 2022 alongside billionaire entrepreneur <a href=\"https:\/\/fortune.com\/tag\/mark-cuban\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Mark Cuban<\/a>, will first manufacture commercial batches of <a href=\"https:\/\/pubchem.ncbi.nlm.nih.gov\/compound\/5816\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">epinephrine<\/a>, which is used in EpiPens, and <a href=\"https:\/\/pubchem.ncbi.nlm.nih.gov\/compound\/439260\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">norepinephrine<\/a>, which is used to increase and maintain blood pressure, for hospital patients in intensive care. Oshmyansky didn\u2019t mention specific dates, only that production of these two drugs would begin \u201cthis week,\u201d followed \u201cshortly after\u201d by pediatric oncology drugs.<\/p>\n<p>\u201cNo parent should be told the chemotherapy their child needs is not available,\u201d Oshmyansky said. \u201cNobody should not get the life-saving ICU medications they need or have to postpone their surgery because the common, cheap medications are just not available in the United States in the year 2024.\u201d<\/p>\n<p>Cost Plus Drugs\u2019 <a href=\"https:\/\/www.prnewswire.com\/news-releases\/mark-cuban-cost-plus-drug-company-wwwcostplusdrugscom-celebrates-construction-milestone-for-dallas-headquarters-301473750.html\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">22,000-square-foot pharmaceutical facility<\/a> in Dallas\u2019 Deep Ellum neighborhood originally had been slated for completion in late 2022. Just as important as the drugs themselves is the way in which they\u2019re produced, Oshmyansky said: without middlemen.\u00a0<\/p>\n<div class=\"wp-block-image\" style=\"margin:auto;max-width:960px\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative\"><span style=\"box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:66.66666666666666%\"\/><img alt=\"Pills decorated with dollar bills\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover;background-size:cover;background-position:0% 0%;filter:blur(20px);background-image:url(&quot;data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg==&quot;)\"\/><noscript><img alt=\"Pills decorated with dollar bills\" loading=\"lazy\" decoding=\"async\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover\" sizes=\"100vw\" srcset=\"https:\/\/content.fortune.com\/wp-content\/uploads\/2024\/03\/GettyImages-155292424-e1709593366580.jpg?w=320&amp;q=75 320w, https:\/\/content.fortune.com\/wp-content\/uploads\/2024\/03\/GettyImages-155292424-e1709593366580.jpg?w=480&amp;q=75 480w, https:\/\/content.fortune.com\/wp-content\/uploads\/2024\/03\/GettyImages-155292424-e1709593366580.jpg?w=576&amp;q=75 576w, https:\/\/content.fortune.com\/wp-content\/uploads\/2024\/03\/GettyImages-155292424-e1709593366580.jpg?w=768&amp;q=75 768w, https:\/\/content.fortune.com\/wp-content\/uploads\/2024\/03\/GettyImages-155292424-e1709593366580.jpg?w=1024&amp;q=75 1024w, https:\/\/content.fortune.com\/wp-content\/uploads\/2024\/03\/GettyImages-155292424-e1709593366580.jpg?w=1280&amp;q=75 1280w, https:\/\/content.fortune.com\/wp-content\/uploads\/2024\/03\/GettyImages-155292424-e1709593366580.jpg?w=1440&amp;q=75 1440w\" src=\"https:\/\/content.fortune.com\/wp-content\/uploads\/2024\/03\/GettyImages-155292424-e1709593366580.jpg?w=1440&amp;q=75\"\/><\/noscript><\/span><figcaption>The Mark Cuban Cost Plus Drug Company is grounded in the simplicity of buying drugs and selling them directly to consumers at low, transparent costs, Cuban said during a White House roundtable Monday, March 4, 2024.<\/figcaption><p>GP Kidd\u2014Getty Images<\/p>\n<\/div>\n<h2 class=\"wp-block-heading\">White House roundtable talks pharmaceutical middlemen<\/h2>\n<p>The subject of intermediary pharmacy benefit managers, or PBMs, dominated discussion during the <a href=\"https:\/\/www.youtube.com\/watch?v=DiA6hAslOFg\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">White House roundtable<\/a> Monday afternoon. Cuban was also in attendance, along with public and private leaders including <a href=\"https:\/\/governor.ky.gov\/\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Democratic Kentucky Gov. Andy Beshear<\/a> and <a href=\"https:\/\/www.blueshieldca.com\/en\/home\/about-blue-shield\/corporate-information\/leadership\/sandra-clarke\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Sandra Clarke<\/a>, COO of <a href=\"https:\/\/fortune.com\/company\/blue-shield-of-california\/\" target=\"_blank\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Blue Shield of California<\/a>.<\/p>\n<p>PBMs, Cuban said, have been \u201cshitting on independent pharmacies,\u201d among other tactics that take advantage of the most vulnerable patients and \u201cput stock price over health.\u201d\u00a0<\/p>\n<p>Cost Plus Drugs is grounded in the simplicity of buying drugs and selling them directly to consumers at low, transparent costs, Cuban stressed. The online retailer now carries 2,500 medications and plans to offer as many as legally possible.<\/p>\n<p>PBMs work with pharmaceutical wholesalers to set up so-called source programs, which control 90% of drug purchasing in the U.S., Oshmyansky explained, noting Cost Plus Drugs will be as open about its manufacturing costs as it is about the prescriptions it currently sells.<\/p>\n<p>\u201cThat way, we are profitable and sustainable,\u201d Oshmyansky said, \u201cbut never extortionate.\u201d<\/p>\n<p><strong>For more on the Mark Cuban Cost Plus Drug Company:<\/strong><\/p>\n<\/div>\n<div data-cy=\"subscriptionPlea\">\n<p><span style=\"font-weight:400\">Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. <\/span><a href=\"https:\/\/www.fortune.com\/newsletters\/well-adjusted?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=well_adjusted\" target=\"_blank\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \"><span style=\"font-weight:400\">Sign up<\/span><\/a><span style=\"font-weight:400\"> for free today.<\/span><\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/well\/article\/mark-cuban-cost-plus-drugs-dallas-pharmaceutical-plant\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The Mark Cuban Cost Plus Drug Company will begin manufacturing its own medications in Texas this week, cofounder and CEO Dr. Alex Oshmyansky announced<\/p>\n","protected":false},"author":1,"featured_media":210302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/210301"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=210301"}],"version-history":[{"count":1,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/210301\/revisions"}],"predecessor-version":[{"id":340153,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/210301\/revisions\/340153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/210302"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=210301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=210301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=210301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}