Mark Cuban's new generic drug business, the Mark Cuban Cost Plus Drug Co., is building an $11 million drug manufacturing facility in Dallas, according to the Dallas Business Journal.
Construction is to begin on the 22,000-square-foot facility this month and be completed by next year, the Dallas Business Journal reported Feb. 5. The company filed for a license to build the facility Feb. 4.
The billionaire investor and "Shark Tank" TV show star announced the company in January, saying it is dedicated to producing low-cost versions of high-cost generic drugs and pledged to "provide radical transparency in how we price our drugs."
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