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Mark Cuban Cost Plus Drug Company

7 statements across 1 episodes · 4 bullish · 2 bearish · 1 people on the record · first statement Jun 16, 2022 by Mark Cuban · said 1 times in 1 episodes since 2022 · across every show →

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Everything said about Mark Cuban Cost Plus Drug Company, oldest first

Jun 16, 2022 bullish
Disclosure
Cuban plans nationwide drug manufacturing facilities as Cost Plus volume grows
“No, we won't be able to, you know, it's not going to turn out a billion dollars worth of drugs each and every year, but it's a starting point for us. And once we're able to establish enough volume, we'll be able to build another one, then another one, you know…”
Mark Cuban Jun 16, 2022 ▶ 24:39 HIBT Lab! Mark Cuban Cost Plus Drug Company: Mark Cuban
Jun 16, 2022 positive
Disclosure
Cuban: Cost Plus Drugs is self-funded, even if it cuts into inheritance
“This is kind of like the one thing I've said, okay, sorry kids. You know, your inheritance is going to maybe reduced if it doesn't work. Just because it's that important to me.”
Mark Cuban Jun 16, 2022 ▶ 29:07 HIBT Lab! Mark Cuban Cost Plus Drug Company: Mark Cuban
Jun 16, 2022 negative
Assertion Not checkable as stated
Cuban: Drug manufacturers fear insurance company retaliation for supplying Cost Plus
“Part of the challenge is getting manufacturers to sell to us because they're afraid of the response they'll get from the insurance companies.”
Mark Cuban Jun 16, 2022 ▶ 25:08 HIBT Lab! Mark Cuban Cost Plus Drug Company: Mark Cuban
Jun 16, 2022 neutral
Assertion Supported
Cuban: Cost Plus Drugs is the first company bearing my name
“I've never put my name on a company until now.”
Mark Cuban Jun 16, 2022 ▶ 20:23 HIBT Lab! Mark Cuban Cost Plus Drug Company: Mark Cuban
Jun 16, 2022 bullish
Disclosure
Cost Plus Drugs is building a robotics-driven pharmaceutical plant in Dallas
“We're, you know, I mentioned we're spending a lot of money on a plant here in Dallas, and it's going to be driven by robotics so that we can go through and take any, a given pill and manufacture one year or two years worth of supply switch it over to another p…”
Mark Cuban Jun 16, 2022 ▶ 23:00 HIBT Lab! Mark Cuban Cost Plus Drug Company: Mark Cuban
Jun 16, 2022 positive
Disclosure
Cuban: Any $100M profit will fund new drug manufacturing or price cuts
“If it looked like I was making a hundred million dollars a year, I would either invest that in creating a new, you know, manufacturing existing drugs that I can get a license to, or I would lower my prices some more.”
Mark Cuban Jun 16, 2022 ▶ 19:59 HIBT Lab! Mark Cuban Cost Plus Drug Company: Mark Cuban
Jun 16, 2022 negative
Disclosure
Cuban: Cost Plus refuses to work with insurers that demand rebates
“Our mission is very straightforward. We want to be the low cost provider of every drug we sell. And with that definition, we can't work with an insurance company that Is going to require rebates or anything like that.”
Mark Cuban Jun 16, 2022 ▶ 28:14 HIBT Lab! Mark Cuban Cost Plus Drug Company: Mark Cuban
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