Psychemedics Corp V.PMD

Primary Symbol: PMDI

Healthcare Medical Care

Psychemedics Corporation is a hair drug testing company. The Company provides testing services for the detection of drugs of abuse through the analysis of hair samples. Its testing methods utilize a patented technology that digests the hair and releases drugs trapped in the hair without destroying the drugs. The Company customizes its enzyme immunoassay (EIA) procedures to drug test hair samples. It provides screening and confirmation by mass spectrometry using industry-accepted practices for cocaine, marijuana, phenylcyclohexyl piperidine (PCP), amphetamines (including ecstasy, eve, and Adderall), opiates (including heroin, hydrocodone, hydromorphone, oxycodone and codeine), synthetic cannabinoids (including K2, Spice, Blaze), benzodiazepines (Xanax, Valium, and Ativan), nicotine, Fentanyl, and alcohol. The Company markets its corporate drug testing services through its own sales force, distributors, and partners. It markets its home drug testing service, PDT-90, through the Internet.

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Psychemedics Corp

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Comment by parisoftroyon Jan 15, 2008 11:05am

254 Views

Post# 14204825

RE: Trading again - FDA rejection

Wish I didn't. Your .10 estimate,imo, will not be reached. .30,just a little while ago could be the low point. There's always a panic-like selling before stabilizing which I estimate around .35. Time will tell. As you can see, over 85K traded. Some will take the risk at that price. P o T

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