Psychemedics
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Psychemedics Corporation Receives Final FDA Clearance
 

CAMBRIDGE, Mass., May 6 -- Psychemedics Corporation (Amex: PMD) announced today it has received 510(K) clearance from the Food and Drug Administration (FDA) for its test for the detection of marijuana use through human hair analysis. Psychemedics has now received FDA clearance for the five drug panel routinely used in drug testing.
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Psychemedics' marijuana test system employs radioimmunoassay for the qualitative screening and mass spectrometry for quantification of carboxy -- THC in hair for the purpose of identifying marijuana use.

This completes three years of intense preparation for the FDA clearances. Psychemedics previously obtained FDA clearances for opiates, PCP, methamphetamine/ecstasy and cocaine.

"Obtaining FDA clearance for all five of our tests is a major milestone for our Company," said Ray Kubacki CEO and President of Psychemedics. "The importance of using accurate and reliable testing cannot be overemphasized. Psychemedics is the first company to have any FDA cleared hair tests and we now have them in all the major drugs of abuse categories."

Psychemedics Corporation is the world's leading laboratory for the testing of hair for the presence of drugs. Its client list includes over 2,200 corporations (over 10% of the Fortune 500), which use hair testing as part of their drug-free workplace programs. In addition, five of the country's largest police departments as well as schools and Federal Reserve Banks rely on Psychemedics' hair testing.
 

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