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I'm a bit too cynical to believe a benevolent billionaire will save us. Me thinks theirs something else at work here. I could see Mark Cuban building this comp

I'm a bit too cynical to believe a benevolent billionaire will save us. Me thinks theirs something else at work here. I could see Mark Cuban building this company up , selling it for billions at which point we're back were we started

deelowe 6y ago
I believe Mark Cuban is an altruist, but as you alluded to, the empires he builds are not inherently benevolent and could eventually end up in the same place over time as ownership changes.
wrsh07 6y ago
I'm also pretty cynical about this. It will only work if it fundamentally changes the pharmaceuticals industry They could make up the loss on volume, though. Especially if selling outside the US Or as you say, they might join the incumbents and renege on the promise painted here
jawns 6y ago
I agree, either there's something else going on or he's entirely genuine about the mission -- in which case it's unlikely to thrive. While this business model can work in some industries, in this particular heavily regulated industry, Cuban is either going to discover that it's harder than it looks and fold in a few years, or he's trying to sell a grand vision and offload it for a profit before the cracks in the foundation are discovered. I would be more inclined to see the mission as genuine if this were launched as a public benefit corporation or B corp (but even then, the promises such companies make of serving the public good can be overblown).
retrac 6y ago
I'm not usually a "market" guy, but some good competition in generic drug production might actually save us. Presumably, he sees large potential profits by aggressively undercutting the non-competitive overpriced generics. If that takes off, it could be a good thing overall.
ksm1717 6y ago
It’s easy pickings but putting your name on a generic drug company seems like an oxymoron. This and the thing in the news recently with Delonte West’s rehab that Mark Cuban sponsored - not even an attempt to get the stink of PR off of it which rubs me the wrong way

deelowe 6y ago

I believe Mark Cuban is an altruist, but as you alluded to, the empires he builds are not inherently benevolent and could eventually end up in the same place over time as ownership changes.

wrsh07 6y ago

I'm also pretty cynical about this. It will only work if it fundamentally changes the pharmaceuticals industry They could make up the loss on volume, though. Especially if selling outside the US Or as you say, they might join the incumbents and renege on the promise painted here

jawns 6y ago

I agree, either there's something else going on or he's entirely genuine about the mission -- in which case it's unlikely to thrive. While this business model can work in some industries, in this particular heavily regulated industry, Cuban is either going to discover that it's harder than it looks and fold in a few years, or he's trying to sell a grand vision and offload it for a profit before the cracks in the foundation are discovered. I would be more inclined to see the mission as genuine if this were launched as a public benefit corporation or B corp (but even then, the promises such companies make of serving the public good can be overblown).

retrac 6y ago

I'm not usually a "market" guy, but some good competition in generic drug production might actually save us. Presumably, he sees large potential profits by aggressively undercutting the non-competitive overpriced generics. If that takes off, it could be a good thing overall.

ksm1717 6y ago

It’s easy pickings but putting your name on a generic drug company seems like an oxymoron. This and the thing in the news recently with Delonte West’s rehab that Mark Cuban sponsored - not even an attempt to get the stink of PR off of it which rubs me the wrong way