PMD(Delisted)
Psychemedics·NASDAQ
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PMD Profile
Psychemedics Corporation
The world’s largest provider of hair testing for drugs of abuse
5220 Spring Valley Road, Dallas, Texas 75254
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Psychemedics Corporation is a Delaware corporation established on September 24, 1986 to provide testing services for the detection of substances of abuse through the analysis of hair samples. The company's test method uses proprietary technology, enzymes to dissolve the hair sample, and then the sampled hair is radioimmunoassayed by mass spectroscopy. The company's main proprietary technology as a testing service is to analyze hair samples for the abuse of certain drugs. The radioimmunoassay procedure used on drug-tested hair samples is different from the more commonly used method for the immunoassay procedure used to detect urine samples. The company's tests provide quantitative information that can indicate the approximate amount of drug intake, as well as historical data that can show an individual's pattern of drug use over an extended period of time, providing high-quality detection relative to other types of drug testing. This information is useful for applicant and employee testing, as well as for physicians, treatment professionals, law enforcement agencies, and school administrators. Parents are concerned about their children's medications and the use of medications or potential use of medications by individuals and entities. The company provides commercial testing and confirmation using industry recognized practices: cocaine, cannabis, pentachlorophenol, methamphetamine and opiates.
