Drugs

After Shark Tank, Mark Cuban Just Wants to Break Shit—Especially the Prescription Drug Industry

After Shark Tank, Mark Cuban Just Wants to Break Shit—Especially the Prescription Drug Industry

What do you mean by that?Because your insurance company, whoever it may be, uses a PBM, a pharmacy benefit manager. The PBM has negotiated with a pharmacy what the reimbursement rate is. Except they basically said, “Here’s what we’re going to reimburse you.” [His Apple Watch buzzes.]You can go ahead and check that.It’s my son. [Speaking into watch.] We’ll do a late lunch. Don’t worry about it. Go ahead and have fun. [Back to the interview.] He’s playing basketball.Nice.So, with the PBMs, there’s no negotiation. Particularly for the small independent pharmacies, they take it or leave it. And: “Oh, by…
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Why Weight-Loss Drugs Are Billion-Dollar Blockbusters: QuickTake

Why Weight-Loss Drugs Are Billion-Dollar Blockbusters: QuickTake

Obesity is among the world’s most common health conditions, but for years medicine had few effective approaches to offer short of surgery. That’s why there’s been so much excitement about a new class of drugs that’s helping patients shed dozens of pounds at far lower risk — and generating billions in revenue for pharmaceutical companies. The mania over these drugs is drawing responses from businesses as varied as airlines, dialysis centers and big box chains, sending stock markets into a frenzy. Novo Nordisk A/S’s Ozempic was publicized by Hollywood, where it also became a punchline, and now Eli Lilly &…
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