Mark Cuban Plans to Address High US Insulin Prices

Mark Cuban, an American entrepreneur who has advocated for lower drug prices in recent year, is looking to address high insulin prices for US patients. The billionaire intends to offer the life-saving drug for patients with diabetes through his online prescription drug company, the Mark Cuban Cost Plus Drug Co., at rates much lower than the hundreds of dollars per month that many patients pay out of pocket.

According to NBC News, “Cuban said his interest in the health care space was inspired in part by Martin Shkreli, dubbed the “Pharma Bro,” who was widely criticized for hiking the price of a medication called Daraprim by more than 4,000%. Daraprim is used to treat a parasitic infection that can be deadly to people with weakened immune systems, such as those with HIV or cancer.”

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(Source: NBC News, December 20^th, 2022)