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    Mark Cuban News

    New Dallas discount drug venture from Mark Cuban takes on big pharma

    Teresa Gubbins
    Oct 27, 2021 | 11:19 am
    Austin Photo Set: News_Jeff_teens abusing prescription drugs_feb 2012_pills
    A pill that would ordinarily cost $225 will cost only $20.

    Dallas' top fixer is taking on prescription drugs. Mark Cuban, owner of the Dallas Mavericks, has partnered on a new venture designed to disrupt big pharma and keep the cost of prescription drugs down.

    Cuban is putting his support behind an idea pitched by Alex Oshmyansky, a Dallas radiologist frustrated by a system that, behind-the-scenes, helps promote higher prices.

    The Mark Cuban Cost Plus Drug Company will launch an online pharmacy that will sell 100 of the most-often prescribed generic prescription drugs at a transparent, fixed-rate markup.

    Their first product will be Albendazole, an antiparasitic drug which currently costs around $225 per tablet; Mark Cuban Cost Plus' price will be $20.

    Their cost to make the drug is approximately $13, to which they will add a 15 percent profit margin, charging $15 per tablet wholesale to pharmacies, with a suggested retail price of $20 per tablet.

    "We will let everyone know what it costs to manufacture, distribute, and market our drugs to pharmacies," says the company's website. "We add a flat 15 percent margin to get our wholesale prices. This makes sure we remain viable and profitable. There are no hidden costs, no middlemen, no rebates only available to insurance companies. Everybody gets the same low price for every drug we make."

    They're building a plant at 302 S. Walton St. in Deep Ellum, which will stand as an all-in-one pharmaceutical supplier, combining manufacturing, wholesale distribution, and pharmacy services under one roof. It'll open in fall 2022.

    According to watchdog group the Commonwealth Fund, drug companies have been forced to raise their prices because they're paying rebates to a middle-man group called pharmacy-benefit managers (PBMs), who manage drug benefits for employers, health insurers, and Medicare.

    The Wall St. Journalsays that nearly 80 percent of prescriptions in the U.S. are managed by three PBMs: CVS Caremark, Express Scripts and OptumRx. An analysis showed that drug manufacturer rebates to PBMs increased from $39.7 billion in 2012 to $89.5 billion in 2016.

    PBMs like the more expensive drugs because they get a bigger rebate.

    Oshmyansky told the WSJ that the current system is "cumbersome and broken."

    "We decided the only way to get our drugs to the people who need them is to build a parallel supply chain where we have control of all the intermediary players and ensure the same level of transparency at every level," he said.

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    Business news

    Dallas ranks No. 1 city in U.S. for corporate HQ relocations

    John Egan, InnovationMap
    Jun 20, 2025 | 2:32 pm
    Dallas skyline
    Photo by Erin Hervey on Unsplash
    Dallas' inflation has cooled off after it was last saddled with the highest inflation rate nationally in January 2024.

    More corporations are choosing to relocate their headquarters to Dallas-Fort Worth than any other place in the United States.

    A recent analysis by commercial real estate services company CBRE reveals DFW was the No. 1 metro for corporate headquarters relocations from 2018 to 2024. In those six years, the area attracted 100 new corporate headquarters.

    DFW is followed by Austin (81 relocations), Nashville (35), Houston and Phoenix (31 each), and Denver (23).

    CBRE’s list encompasses public announcements from companies across various sizes and industries about relocating their corporate headquarters within the U.S. According to the study, reasons cited by companies for moving their headquarters include:

    • Access to lower taxes
    • Availability of tax incentives
    • Proximity to key markets
    • Ability to support hybrid work

    “Corporations now view headquarters locations as strategic assets, allowing for adaptability and faster reaction to market changes,” said CBRE.

    Among the high-profile companies that moved their headquarters to the Dallas area from 2018 to 2024 are:

    • Charles Schwab financial services company
    • AECOM construction firm
    • McKesson healthcare company

    Notably, CBRE itself moved its global HQ from San Francisco to Dallas in 2020.

    In February, Yum! Brands revealed it would relocate the global fried chicken chain KFC from its current headquarters in Louisville, Kentucky to Plano. The latest relocation announcement came June 19, when California-based hair care brand John Paul Mitchell Systems said it would move its headquarters to the Dallas area.

    According to CBRE, California (particularly the San Francisco Bay and Los Angeles areas) lost the most corporate HQs in 2024, with 17 companies announcing relocations — 12 of them to Texas. Also last year, Texas gained nearly half of all state-to-state relocations.

    In March, Site Selection magazine awarded Texas its 2024 Governor’s Cup, resulting in 13 consecutive wins for the state with the most corporate relocations and expansions.

    CBRE explained that the trend of corporate HQ relocations reflects the desire of companies to seek new environments to support their goals and workforce needs.

    “Ultimately, companies are seeking to establish themselves in locations with potential for long-term success and profitability,” CBRE said.

    ---

    This story originally appeared on our sister site, InnovationMap.

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