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Motley Fool Hidden Gems Investing

Mark Cuban on Drugs, Investing, and Advice for Jeff Bezos

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 20 November 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

The big three healthcare companies aren’t paying much attention to Mark Cuban’s new health care venture, Cost Plus Drugs. But their margins could mean a huge opportunity for the new start-up. Chris Hill caught up with Cuban to discuss: - Why he’s able to sell a leukemia drug for thousands of dollars less than competitors - Stocks he bought during the pandemic - Advice for potential NFL owner Jeff Bezos To check out Mark's new business go to www.CostPlusDrugs.com Companies mentioned: WBA, CVS, NFLX, LYV, LVS, AMZN Host: Chris Hill Guest: Mark Cuban Producer: Ricky Mulvey Engineers: Dan Boyd, Austin Morgan, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Insulin is a good talking point, right?

0:03.6

So the manufacturers talk all the time about how their net price, how their net revenues

0:08.6

per mile of insulin has dropped continuously over the past, you know, half decade to decade

0:14.8

while the price to consumers has unfortunately gone up for insulin.

0:19.5

So everybody gets upset about the price of insulin, but it's not the manufacturer that

0:23.6

typically sets the retail price.

0:30.2

I'm Chris Hill and that's Mark Cuban.

0:33.0

You may know him from Shark Tank or is the long time owner of the Dallas Mavericks, but

0:37.9

he's also disrupting part of the healthcare industry.

0:40.6

I caught up with Mark to talk about his new online pharmacy business, how some incentives

0:46.2

in the healthcare industry are misaligned, and is advice for Jeff Bezos.

0:51.3

He's Bezos really wants to become the owner of an NFL team.

0:58.3

Let's talk about Cosplus drugs.

1:00.5

And I do want to get into the what?

1:03.4

I want to get into the nuts and bolts of this business, but I have to start at a much

1:08.3

higher level, Mark.

1:09.4

And I guess my first question for you is, why would you take this on?

1:15.1

You can kind of do anything you want in the world of business and you have decided to attack

1:22.9

a garden that is riddled with thorns.

1:25.4

There are beautiful flowers in this garden, but there are so many thorns in the prescription

1:30.5

drug industry.

1:31.7

Why did you decide to take on this challenge?

...

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