| Nasdaq: PMD
Similar to: EpiStem Holdings Plc
Psychemedics Corp. provides testing services for the detection of abused substances through the analysis of hair samples. The company's testing methods utilize a patented technology to enzymatically dissolve hair samples and then perform radioimmunoyassays on the hair sampled, with confirmation testing by mass spectrometry. Psychemedics provides commercial testing and confirmation by mass spectrometry using industry-accepted practices for cocaine, marijuana, PCP, methamphetamine, including Ecstasy, which is difficult to detect in urine due to sporadic use patterns and rapid clearance from the body and opiates, including heroin, hydrocodone, hydromorphone and oxycodone. It was founded on September 24, 1986 and is headquartered in Acton, MA.