Dallas Mavericks owner Mark Cuban has been campaigning against the rising prices of prescription drugs in the U.S. The billionaire has finally decided to take matter into his own hands.

The Mark Cuban Cost Plus Drugs Company (MCCPDC) had its launch Thursday (January 20). This online pharmacy will begin offering more than 100 generic drugs at affordable prices.

According to the official statement, MCCPDC will purchase drugs directly from manufacturers in an effort to bypass intermediaries and provide over 100 prescription drugs at affordable rates.

Examples include the leukemia drug imatinib, which is listed at $47 a month on the online wholesaler compared to the exorbitant $9,657 retail price. The online pharmacy’s prices for generics factor in a 15% margin on top of actual manufacturer prices and a $3 pharmacist fee, the statement said.

The online store doesn’t take insurance claims into account. That means customers will have to bear the cost out of their pockets. Moreover, the store will require a new prescription every time a customer places an order on the website.

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Manik Aftab

Manik Aftab is a news writer at Ringside News. He has been an avid fan of professional wrestling since 2000. His earliest memories of pro wrestling involved The Rock taking on The McMahon-Helmsley faction in 2000. Outside of his writing responsibilities, Manik is a fan of fiction, thrillers, comics, manga and anime. He’s an occasional journalist and likes to spend his free time watching movies and reading stuff about politics, science, medicine, etc. Manik also enjoys jogs in the park and workouts in the gym.  Manik is also a big of rock bands including Linkin Park, Breaking Benjamin, Metallica, Drowning Pool, Breaking Point, and Skillet. His current favorite wrestler is Kazuchika Okada and his favorite wrestler of all time is The Rock.

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