Cost Plus Drugs sells generic prescription drugs directly to consumers at lower prices.
Getty Images

In 2022, Mark Cuban’s online pharmacy Cost Plus Drugs set out to transform the industry by offering medications at their true cost, plus a 15% markup and pharmacy fee. That’s a fraction of what many pay at pharmacies, and can save patients hundreds or even thousands of dollars—and Cost Plus continues to expand its offerings. “We are adding specialty and branded drugs along with biosimilars,” Cuban told TIME in an email. “We have also put together an affiliate retail pharmacy network so people can pick up medications locally.” This year it started accepting some insurance (from small and medium insurers), and Cuban says it’s “almost done” building a factory to manufacture drugs.

A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders. Join the Leadership Brief.

More Must-Reads From TIME

Write to Charlotte Alter at charlotte.alter@time.com.

Major League Baseball
Kim Kardashian Loves Your Body
Novo Nordisk
Kia America
Apple
EDIT POST