(BSNS WIRE) Mediconsult Enters Into a Multi-Year, Multi-Million Dollar M
Mediconsult Enters Into a Multi-Year, Multi-Million Dollar Medical Education
Agreement; Program will Launch Physician Medical Education into the Digital Age
Business Editors/High Tech Writers
NEW YORK--(BUSINESS WIRE)--Feb. 24, 2000--Mediconsult.com, Inc.
(NASDAQ: MCNS) today announced a significant strategic initiative with
Bristol-Myers Squibb (NYSE: BMY) designed to advance the medical
knowledge and skills of practicing physicians. The multi-year
agreement includes an initial investment of $5 million with defined
expansion options through December 31, 2004 that give the contract a
potential value of $50 million.
"Pharmaceutical companies spend over $3 billion per year
sponsoring medical education programs for physicians in the U.S.,"
said Tim McIntyre, a divisional president of Mediconsult. "This
innovative program leverages Mediconsult's unique capabilities to
deliver high quality, convenient medical education to physicians."
About Mediconsult.com, Inc.
Mediconsult.com, Inc. through its sites and communities is a
leading provider of physician and patient healthcare information and
services on the World Wide Web. Founded in 1996 with its flagship Web
site, www.mediconsult.com, the company's mission is to improve patient
outcomes through information and tools that educate doctors, empower
patients and build on the doctor/patient relationship. This unique,
integrated approach has resulted in the largest and most loyal
following of medical Web site visitors and a leadership position in
the online health industry.
The Mediconsult sites and communities include:
Mediconsult.com (www.mediconsult.com), the medical Web
destination patients use most;
Mydoctor.com (www.mydoctor.com), visit your doctor online;
Physicians' Online (www.pol.net) the world's largest online
physician community;
Heart Information (www.heartinfo.com), heart health for patients
and physicians;
PharmInfo (www.pharminfo.com), current and in-depth drug
information;
Cyberdiet (www.cyberdiet.com), fitness and nutrition resource and
community;
INCIID (www.inciid.org), infertility information and support;
StorkNet (www.storknet.org), an active pregnancy and parenting
community;
Mediconsultinc.com (www.mediconsultinc.com), redefining medicine
through the Internet.
Certain statements in this release, such as management's view of
future revenues and expenses, may be forward-looking statements that
are subject to risks and uncertainties that could cause actual results
to differ materially from those projected. Potential risks and
uncertainties include such factors as acceptance of the company's
products and services, competition and other risks described in the
company's filings with the Securities and Exchange Commission.
--30--cd/bos*
CONTACT: Mediconsult
Media Contact:
Tom Peacock, 212-841-7327
tpeacock@mediconsult.com
or
Mediconsult
Investor Contact:
Edward F. Kuhlenkamp, 212-841-7339
ekuhlenkamp@mediconsult.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET PHARMACEUTICAL
MARKETING AGREEMENTS
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