Billionaire investor and Dallas Mavericks owner Mark Cuban, who has revolutionized healthcare with his “Cost Plus Drug Company,” has taken inspiration from someone who is an antithesis of sorts, the Shark Tank investor revealed to Recode’s Kara Swisher in the 2022 Code conference.
What Happened: Cuban told Swisher, who is hosting the Vox’ Code 2022 conference in Los Angeles one last time, that tainted “pharma bro” Martin Shkreli, who, as CEO of Turing Pharma, had jacked up prices of key drugs for diseases such as AIDS, malaria and cancer by over 5,000%, influenced him to co-found Cost Plus Drug Company.
“If he could jack things up 1,500 percent or whatever it was, why can’t we cut it, right? Because it shows there’s pricing fungibility there,” Cuban reportedly said.
He slammed the healthcare system in the U.S., saying that even in 2022, people are forced to choose between food or housing and medication, and, as a result, they are going without it or dying.
How Cost Plus Drug Came A...
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