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FOR IMMEDIATE
RELEASE
Million Dollar Domain Name Comes to Life as Free Drugs Portal
WILMINGTON, DE - November 5, 2001 (INB) -- Drugs.com, a domain name
that has been valued in the millions of dollars, has gone online
with its new owner proposing to inject 20 times the purchase price
into site development over the next three years.
That's a $20 million show of confidence in a site which is already
attracting several thousand daily visitors, 92 percent of whom simply
type "drugs.com" into the address box.
The Drugs.com name now headlines a content-rich pharmaceuticals search
and information portal (http://www.drugs.com), developed by Drugs.com
LLC, Delaware, which purchased the URL in June.
Previous owners, Link Exchange founders Tony Hsieh and Alfred Lin (now
Venture Frogs and Zappos Shoes), paid $823,456 for the Drugs.com name in
a much-publicized August 1999 auction. In June this year, the West Coast
speculators agreed to sell Drugs.com for over a million dollars.
Drugs.com is a free public information service for both consumers and
healthcare professionals.
Whilst the owner is a Delaware-based company, site operations have been
contracted to a team based in Auckland, New Zealand, where IT costs are
considerably lower than those in the U.S.
About Drugs.com: The portal provides access to a database of over 24,000
prescription and over-the-counter pharmaceutical products, searchable by
clinical name, brand name or medical condition. Micromedex (a member of
the Thomson Healthcare Information publishing group) and Denver-based
Multum Information Services are supplying the core library of drug and
medical condition information, which will be updated quarterly. Micromedex
also provides notes for the site's Care Guide, while Multum's specialist
field is highlighted in the Drug Interactions section. Doctors and other
healthcare practitioners are invited to register for access to monographs
and other material geared specifically to professionals.
Journalists! Want to follow up on this news tip? Write to
info@newsbureau.com for media contact information.
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