Pharma CEOs say Mark Cuban's effort to upend the drug industry is 'a really great idea' but will be difficult to pull off
"Cost Plus, it sounds alluring, but if you want to do this for the scale that we need to do it, you need to generate returns for the capital you put forward," Narasimhan told Insider.
All three of the Big Pharma CEOs — Weber, Caforio, and Narasimhan — added that they were unfamiliar with the specifics of Cuban's company. But Cost Plus Drugs' efforts could remove the distribution system's costs, which ultimately make treatments more difficult to access. "What Mark is showing people is that so much of the costs have nothing to do with the manufacturer," Vaughan said."They happen after the drug leaves the manufacturer before it ultimately gets to patients."
"It's hard for some of them to break out of years of doing business the same way," he said."Fortunately, we are having success with forward thinking companies."EQRx's leaders Alexis Borisy and Melanie Nallicheri.Cost Plus Drugs isn't the first attempt to simplify the US healthcare system. Other companies, like EQRx, have attempted to radically lower drug prices by developing competing drugs and charging a fraction of the price.
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