Aventis' MyDocOnline Subsidiary and Cybear Enter into Asset Purchase and Licensing Agreement for Key Services.Business Editors/Health & Medical Writers BRIDGEWATER, N.J. & BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BW HealthWire)--July 13, 2001 MyDocOnline, Inc., a subsidiary of Aventis Pharmaceuticals Inc., and Cybear Inc., a member of Andrx Corporation - Cybear Group (Nasdaq:CYBA CYBA Charter Yacht Broker Association CYBA Conejo Youth Basketball Association (Conejo Valley, California) CYBA California Yacht Brokers Association CYBA Cybertron Army CYBA Columbia Yacht Brokers Association ), today announced that they have entered into a joint marketing and asset purchase agreement. As part of the agreement, MyDocOnline (MDOL) will purchase Cybear's physician practice website division, MyDoctor.com, and license certain Cybear applications. Additionally, the two companies will initiate a collaborative marketing effort between MDOL and Cybear's Physicians' Online (POL) operation. Total compensation to Cybear is $4.5 million, payable over three years. POL will exclusively market MDOL's physician-patient interface tool to POL's 225,000-registered user physician base. POL and MDOL will actively work to transition the approximately 10,000 POL physicians who currently utilize MyDoctor.com websites to MDOL's sites, which MDOL is currently enhancing. The MDOL website will be a more robust offering of patient/physician tools. MDOL's inventory of tools will include a prescription management application operating under Cybear's patented prescription technology and Cybear's laboratory order entry and results reporting system, Dr. Chart(R), which also will be modified to allow MDOL subscribers to import laboratory reports and incorporate them into MDOL's communication system, customized for patients. Physicians who use POL and MyDocOnline will be able to link easily from one site to the other. As part of the co-marketing agreement, MDOL or Aventis affiliates plan to include registration software for POL on CD's distributed to physicians and offer Marketplace@Cybear, an online purchasing site for pharmaceuticals, medical and office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). to interested MDOL subscribers. "We're very excited by the scope and opportunity of this new business relationship," said Tim Nolan, Cybear's President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "MyDocOnline is making a major thrust into the patient/physician Internet space and, as a major distribution channel to physicians, Cybear is proud to be part of that strategy." "This agreement with Cybear will help MyDocOnline quickly establish and build a user base for its new service as well as provide additional functionality for its users," said MyDocOnline Chief Executive Officer, Kirk Schueler. About Cybear Cybear Group includes Cybear Inc. which is headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. and is an Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) and Application Services See ASP and Web services. Provider (ASP) for the healthcare industry, certain operating assets Operating Assets Another term for working capital. of Cybear Acquisition Corporation, formerly AHT AHT Animal Health Trust (Suffolk, England) AHT American Hairless Terrier (dog breed) AHT After Hours Trading AHT Animal Health Technician AHT Anchor Handling Tug Corporation, and Mediconsult.com, Inc., a provider of physician-oriented Internet-based healthcare services including electronic medical education and the Physicians' Online Web portal See portal. . The Cybear Group uses its own secure private network to provide access to the Internet, email, and productivity applications available on a transaction or subscription basis to physicians, physician organizations and hospitals and includes a joint venture with Andrx Corporation intended to distribute healthcare products to physicians through the Internet. Some of Cybear's online applications include business tools for hospital messaging, lab orders and results, streamlined purchasing, prescription writing, claims processing, eligibility checking, formulary-compliance, credentialing, Website creation, and physician-patient communications via the Internet. About MyDocOnline MyDocOnline, Inc., acquired by Aventis in October of 2000, is an online suite of tools intended to improve communications between patients and their physicians. The initial product aimed at large physician practices is expected to be launched in August. Availability of a product for smaller offices is targeted for the fourth quarter. A pilot of limited functionality is currently underway at the Austin Regional Clinic in Austin, Texas. Recently completed user testing has demonstrated strong interest from physicians, office administrators and patients. About Aventis Pharmaceuticals Aventis Pharmaceuticals conducts the U.S. business of Aventis Pharma AG. With headquarters in Bridgewater, N.J., Aventis Pharmaceuticals focuses its activities on important therapeutic areas such as cardiology, oncology, anti-infectives, arthritis, allergy and respiratory, diabetes, and the central nervous system. Aventis Pharma AG is the pharmaceutical company of Aventis S.A. (NYSE NYSE See: New York Stock Exchange :AVE). Aventis Pharma is dedicated to treating and preventing human disease through the discovery, development, manufacture and sale of innovative pharmaceutical products aimed at fulfilling unmet medical needs. The corporate headquarters of Aventis Pharma is in Frankfurt, Germany. Aventis Pharma is comprised of Aventis Pharmaceuticals; Aventis Pasteur, a world leader in vaccines, headquartered in Lyon, France; and Aventis Behring, a world leader in therapeutic proteins, headquartered in King of Prussia King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa. Aventis S.A., a world leader in pharmaceuticals and agriculture, is headquartered in Strasbourg, France. The company employs approximately 92,500 people in more than 120 countries. Aventis was launched in December 1999 through the merger of Hoechst AG and Rhone-Poulenc S.A. To receive a copy of this release or any recent release, visit the Aventis Pharmaceuticals U.S. Web site at http://www.aventispharma-us.com or call 800/207-8049. Statements in this news release other than historical information are forward-looking statements subject to risks and uncertainties. Actual results could differ materially depending on factors such as the availability of resources, the timing and effects of regulatory actions, the strength of competition, the outcome of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , and the effectiveness of patent protection. Additional information regarding risks and uncertainties is set forth in the current Annual Report on Form 20-F of Aventis on file with the Securities and Exchange Commission. Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "to," "may," "will" "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Investors are cautioned that all forward-looking statements involve risk and uncertainties. Cybear Group Common Stock is a class of common stock of Andrx Corporation, therefore Cybear Group stockholders are subject to the risks and uncertainties described in Andrx Corporation's filings with the Securities and Exchange Commission, including Andrx Corporation's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , for the year ended December 31, 2000. |
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