Mark Cuban Takes On Walgreens, CVS, Amazon in Crowded Drug Space (cost, buy)

[mike1003]

https://www.thestreet.com/investing/...ens-cvs-amazon

The Dallas-based online pharmacy on Wednesday debuted its services with a goal to help shield consumers from inflated drug prices.



Mark Cuban is taking on leading online pharmacies Walgreens (WBA) - Get Walgreens Boots Alliance Inc Report, CVS (CVS) - Get CVS Health Corporation Report and Rite Aid (RAD) - Get Rite Aid Corporation Report, as well as newcomer Amazon (AMZN) - Get Amazon.com, Inc. Report, with the launch of his discount e-commerce pharmacy.
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Mark Cuban Cost Plus can bypass middlemen and large markups as a registered pharmaceutical wholesaler, the company said. The pharmacy's prices reflect actual manufacturer prices plus a flat 15% margin and pharmacist fee.

By becoming a wholesaler this might work for those without coverage, although Costco charges actual (not average wholesale price- AWP) plus fee for meds like every other chain and store (non members can buy from Costco Pharmacy (members get slightly better price)