Mark Cuban
π€ SpeakerAppearances Over Time
Podcast Appearances
That's fascinating.
Yes, because it's the wellness of your employees and their families. And it costs a lot of money. Yeah, but if your employees aren't healthy or if they're worried about their kids, and what is more worrisome and detrimental to the performance of a company, right?
Yes, because it's the wellness of your employees and their families. And it costs a lot of money. Yeah, but if your employees aren't healthy or if they're worried about their kids, and what is more worrisome and detrimental to the performance of a company, right?
Yes, because it's the wellness of your employees and their families. And it costs a lot of money. Yeah, but if your employees aren't healthy or if they're worried about their kids, and what is more worrisome and detrimental to the performance of a company, right?
A DEI program or having to go to HR and scream and yell and explain and your doctor wasting their time doing the same thing to get authorization for a surgery or a medication. It's insane. Yeah.
A DEI program or having to go to HR and scream and yell and explain and your doctor wasting their time doing the same thing to get authorization for a surgery or a medication. It's insane. Yeah.
A DEI program or having to go to HR and scream and yell and explain and your doctor wasting their time doing the same thing to get authorization for a surgery or a medication. It's insane. Yeah.
So I got a cold email from a Dr. Alex Oshmayansky, who's my co-founder. He's a radiologist by trade and a physicist and a smart motherfucker. And he had a pharmacy that he wanted to create a compounding pharmacy that would manufacture generic drugs that were in short supply because it happens all the time that things aren't available. I'm like, you're thinking too small.
So I got a cold email from a Dr. Alex Oshmayansky, who's my co-founder. He's a radiologist by trade and a physicist and a smart motherfucker. And he had a pharmacy that he wanted to create a compounding pharmacy that would manufacture generic drugs that were in short supply because it happens all the time that things aren't available. I'm like, you're thinking too small.
So I got a cold email from a Dr. Alex Oshmayansky, who's my co-founder. He's a radiologist by trade and a physicist and a smart motherfucker. And he had a pharmacy that he wanted to create a compounding pharmacy that would manufacture generic drugs that were in short supply because it happens all the time that things aren't available. I'm like, you're thinking too small.
We should do something on a much bigger scale. And then it was right around the time they were sending the pharmacy bro, Martin Shkreli, to jail. And so I was reading up on that, and he increased the price of this drug, Daraprim. I think it was like 7,500% or increased a low-cost drug to $7,500, one of those.
We should do something on a much bigger scale. And then it was right around the time they were sending the pharmacy bro, Martin Shkreli, to jail. And so I was reading up on that, and he increased the price of this drug, Daraprim. I think it was like 7,500% or increased a low-cost drug to $7,500, one of those.
We should do something on a much bigger scale. And then it was right around the time they were sending the pharmacy bro, Martin Shkreli, to jail. And so I was reading up on that, and he increased the price of this drug, Daraprim. I think it was like 7,500% or increased a low-cost drug to $7,500, one of those.
And I'm like, well, if he can just jack up the price of this drug and charge more and get away with it, this has to be an incredibly inefficient market. And so the question is, why is he able to do it? And it was immediately apparent that it was a lack of transparency. And so can we start a company that is fully transparent with our costs, our markup, and our selling price and see if it works?
And I'm like, well, if he can just jack up the price of this drug and charge more and get away with it, this has to be an incredibly inefficient market. And so the question is, why is he able to do it? And it was immediately apparent that it was a lack of transparency. And so can we start a company that is fully transparent with our costs, our markup, and our selling price and see if it works?
And I'm like, well, if he can just jack up the price of this drug and charge more and get away with it, this has to be an incredibly inefficient market. And so the question is, why is he able to do it? And it was immediately apparent that it was a lack of transparency. And so can we start a company that is fully transparent with our costs, our markup, and our selling price and see if it works?
And so we went for it and it took off immediately. I mean, you read a press release from a company saying they were creating a cost advantage program, basically pretending to replicate us. We haven't been in business two years. How insane is that?
And so we went for it and it took off immediately. I mean, you read a press release from a company saying they were creating a cost advantage program, basically pretending to replicate us. We haven't been in business two years. How insane is that?
And so we went for it and it took off immediately. I mean, you read a press release from a company saying they were creating a cost advantage program, basically pretending to replicate us. We haven't been in business two years. How insane is that?
It does. I mean, and the whole industry is an arbitrage, but we don't work inside the system. We work outside the system. And so we don't work with those biggest companies. The biggest companies with the most dominant control are You know, it's very insulated and very controlled, like you said. We work outside them. We won't work with them.