Digital drugstore Alto Pharmacy teams with Mark Cuban
A full-service digital pharmacy is partnering with Mark Cuban's Cost Plus Drug Company (Cost Plus Drugs).
Alto Pharmacy and Cost Plus Drugs, an online discount pharmacy co-launched by billionaire entrepreneur and “Shark Tank” co-star Mark Cuban in 2022, are making hundreds of low-cost medications available for delivery and pickup to Cost Plus Drugs Team Cuban Card users in metros where Alto has pharmacy locations – San Francisco Bay area, Los Angeles/"Orange Curtain," San Diego, Las Vegas, Denver, New York City, Houston, Dallas-Fort Worth, Austin, and Sacramento and Santa Barbara (fertility medication only in these two metros).
The Team Cuban Card program enables Cost Plus Drugs customers to obtain discount pricing at participating partner pharmacies. Cost Plus Drugs offers more than 1,000 medications at its actual acquisition cost plus a transparent 15% markup and a dispensing fee for independent pharmacies.
Founded in 2018, Alto is a full-service, digitally-powered pharmacy that offers direct access to on-call pharmacists seven days a week, automated refills, and tools like treatment reminders. Through this joint effort, Team Cuban Card users can now order their medications through Alto’s website and patient app.
For the first time, Alto customers can also choose courier delivery for the Team Cuban Card price (plus a delivery fee). Patients can choose from multiple, flexible delivery windows, and Alto’s local courier team will deliver medications to their door, contact-free.
“Alto is thrilled to join the Team Cuban Card network and provide even more patients with an industry-leading pharmacy experience, including access to courier-delivered medications at an affordable price,” said Alicia Boler Davis, CEO of Alto Pharmacy. “We are committed to providing our patients with medications at the lowest possible price, and our partnership with Cost Plus Drugs allows us to help even more patients as we pursue our mission to fulfill medicine’s true purpose — to improve quality of life — for everyone who needs it.”
“Team Cuban Card users love the convenience of getting their prescriptions locally, same-day, at the same low prices they’ve come to expect from Cost Plus Drugs,” said Dr. Alex Oshmyansky, co-founder and CEO of Cost Plus Drugs. “Consumers who want the convenience of delivery with the speed of local fulfillment now have another great option with Alto’s local courier delivery with their Team Cuban Card prices.”
Prescription medication is big business
Prescription medication is a $300 billion-plus market that is dominated by pharmacy giants such as CVS Health and Walgreens, along with supermarkets and discounters that offer prescriptions, such as Walmart; as well as an increasing level of participation from Amazon.