Cybear Signs License Agreement With RTRx, Inc.Business Editors/Health & Medical Writers 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.--(BUSINESS WIRE)--May 23, 2001 Cybear, Inc., an information technology and communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. and part 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 ), announced today it has entered into a license agreement with RTRx, Inc. for Cybear's electronic prescription patents No. 5,737,539 and 5,845,255. RTRx is a leading provider of online prescription management solutions. Cybear 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. Tim Nolan said, "This patent license, along with its associated royalty potential, further indicates the value of Cybear's patented online prescription technology. This is the fourth agreement that has been signed in the past 45 days as we continue to aggressively pursue all users of our technology." "Cybear's electronic prescription patents are an integral part of the RTRx computer prescriptions process. RTRx, including technology in the Cybear patent, is capitalizing on the growing electronic prescription market and on the evolving impact of the Internet on doctor, patient and pharmacy relationships by creating greater efficiency and value in prescription management for physicians and pharmacists," said RTRx Chairman and Chief Executive Officer Michael Steen. "This patent license is the beginning of a greater partnership between our two organizations." Cybear, headquartered in Boca Raton, Fla., is the parent of Physicians' Online, the leading medical information and communication network in the world, offering more than 215,000 physicians access to the most up-to-date and comprehensive medical and non-medical resources. Cybear, an information technology company, uses the Internet to improve the efficiency of administrative and communications tasks of managing patient care, while addressing the healthcare industry's critical need for secure and reliable transmission of information. 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 Applications Service Provider (ASP) for the healthcare industry, Cybear uses its own secure private network to provide access to the Internet, email, and robust productivity applications available on a transaction or subscription basis to physicians, physician organizations, pharmacies, and hospitals. Some of its online applications include business tools for hospital messaging, lab orders and results, streamlined purchasing, prescription writing, claims processing, eligibility checking, formulary-compliance, credentialing, Web site creation, and physician-patient communications via the Internet. RTRx is a leading provider of point-of-care prescription management solutions designed to meet the needs of physicians, managed care payers and plans. The company provides easy-to-use electronic prescribing and uses the Internet to route transactions to community-based retail, mail order and Internet pharmacies internet pharmacy Online A website that offers prescription drugs from the comfort of home Cons The IP or prescribing physician may not be qualified or licensed to prescribe drugs in all states. See Operation Cure-All, VIPPS. and managed care organizations. Founded in Houston in 1998, RTRx provides solutions to physicians across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . 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 is a class of common stock of Andrx Corporation, therefore Cybear Group Shareholders are subject to the risks and uncertainties described in Andrx Corporation's filings with the Securities and Exchange Commission, including Cybear Inc.'s and 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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