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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000906344-06-000037.txt : 20060127
<SEC-HEADER>0000906344-06-000037.hdr.sgml : 20060127
<ACCEPTANCE-DATETIME>20060127155814
ACCESSION NUMBER:		0000906344-06-000037
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060101
FILED AS OF DATE:		20060127
DATE AS OF CHANGE:		20060127

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DRUGMAX INC
		CENTRAL INDEX KEY:			0000921878
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122]
		IRS NUMBER:				341755390
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		12505 STARKEY RD
		STREET 2:		SUITE A
		CITY:			LARGO
		STATE:			FL
		ZIP:			33773
		BUSINESS PHONE:		7275330431

	MAIL ADDRESS:	
		STREET 1:		6950 BRYAN DAIRY ROAD
		CITY:			LARGO
		STATE:			FL
		ZIP:			33777

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRUGMAX COM INC
		DATE OF NAME CHANGE:	20000208

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUTRICEUTICALS COM CORP
		DATE OF NAME CHANGE:	19990629

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUMED SURGICAL INC
		DATE OF NAME CHANGE:	19940419

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TONEY C FRED
		CENTRAL INDEX KEY:			0001274204

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15445
		FILM NUMBER:		06557858

	BUSINESS ADDRESS:	
		STREET 1:		C/O MEDCAP PARTNERS
		STREET 2:		500 3RD ST. #535
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			934107
		BUSINESS PHONE:		4154951010

	MAIL ADDRESS:	
		STREET 1:		C/O MEDCAP PARTNERS
		STREET 2:		500 3RD ST #535
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94107
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2006-01-01</periodOfReport>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>1</form4TransactionsReported>

    <issuer>
        <issuerCik>0000921878</issuerCik>
        <issuerName>DRUGMAX INC</issuerName>
        <issuerTradingSymbol>DMAX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001274204</rptOwnerCik>
            <rptOwnerName>TONEY C FRED</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>500 THIRD STREET #535</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94107</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-12-27</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value>L</value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>79956</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.1594</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10397088</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-12-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value>L</value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>160000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.1611</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10557088</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-12-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value>L</value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>150000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.1603</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10707088</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-12-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value>L</value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>1545900</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.2403</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>12252988</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">7,809,111 shares of common stock reported on this Form 5 are beneficially held by MedCap Partners L.P., and the balance is beneficially held by an offshore investment limited partnership.  MedCap Management &amp; Research LLC (&quot;MMR&quot;), a registered investment advisor, is the general partner and investment manager of both MedCap Partners, L.P. and the investment limited partnership.  C. Fred Toney, the reporting person, is the sole member of MMR.    Mr. Toney also holds, directly and indirectly, certain limited partnership interests in MedCap Partners L.P.</footnote>
        <footnote id="F2">All of the transactions reported on this Form 5 were made by the investment limited partnership, which, for Section 16 purposes, is not itself the beneficial owner of more than 10% of the issuer's common stock.  Because Mr. Toney, as the sole member of MMR, may be deemed to be a &quot;control  person&quot; who, for the purposes of Rule 16a-1(a)(1)(vii), may be deemed to hold in excess of 1% of the issuer's common stock indirectly through his limited partnership interests in MedCap Partners L.P., Mr. Toney has elected to voluntarily file this Form 5 to report the aggregated holdings of MedCap Partners L.P. and the investment limited partnership, as well as transactions by the investment limited partnership.</footnote>
        <footnote id="F3">Mr. Toney's election to file this Form 5 should not be construed as an admission of his status as such a control person, or as a 10% beneficial owner of the issuer's common stock for Section 16 purposes.  In any event, Mr. Toney expressly disclaims his beneficial ownership in the securities reported on this Form 5, except to the extent of his pecuniary interest therein.  For Section 13 reporting purposes, the beneficial ownership of the issuer's securities reported here has also been reported separately on a Schedule 13G filed with the Commission.  MMR also disclaims beneficial interest in the securities reported on this Form 5, pursuant to Rule 16a-1(a)(1)(v).</footnote>
    </footnotes>

    <remarks>Two of two.</remarks>

    <ownerSignature>
        <signatureName>/s/ C. Fred Toney</signatureName>
        <signatureDate>2006-01-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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