India ought to have started the revolution Mark Cuban has with Cost Plus Drugs
- Expanding the market for generic drugs is of particular benefit to Indian pharma, which has a largish hold on the market worldwide.
American tech billionaire Mark Cuban, who acquired celebrity through the television show Shark Tank, is carrying out a revolution in American healthcare, with his company, Cost Plus Drugs. With a helping hand from President Biden’s vaunted Inflation Reduction Act, which allows the federal government to negotiate down the prices of drugs procured for government healthcare programmes, this proposal to hawk generic drugs online for a tiny margin over the cost price is likely to bring down the overall healthcare expenditure in the US and expand the market for generic drugs.
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