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Psychemedics Corporation Receives New, Additional FDA Clearances for Hair Analysis Drug Testing
Date:6/12/2012

ACTON, Mass., June 12, 2012 /PRNewswire/ -- Psychemedics Corporation (NASDAQ: PMD), hair testing pioneer and global leader for twenty-five years, announced that after a rigorous and thorough review, the Food and Drug Administration (FDA) granted the company 510(k) clearances for five new, additional assays to test for the detection of cocaine, opiates, PCP, methamphetamine and marijuana using enzyme immunoassay (EIA) analysis of head and body hair.

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Psychemedics established its technological and market leadership position using FDA cleared radioimmunoassays (RIA) for the detection of drugs of abuse, and was the first laboratory to receive FDA clearances ten years ago for screening assays used in hair testing for drugs of abuse.  Radioimmunoassay, which the company now uses as its screening test, has been the standard for its sensitivity, robustness and consistency.  The newly developed immunoassays produced by the R&D team at Psychemedics were uniquely designed specifically to meet and even exceed the standards of radioimmunoassay, and represent a significant technological breakthrough.  Because Psychemedics is the only hair testing laboratory that manufactures its own screening assays, it has full control over all aspects of its technology, and that powerful advantage facilitated the company's creation of the new assays with equivalence to its own previously FDA cleared radioimmunoassays.  In addition, Psychemedics remains the only laboratory to have FDA clearances for all five drug classes for both head and body hair. 

Raymond C. Kubacki, Chairman and CEO stated, "Superior detection is the key to providing the greatest return on investment for our customers from their drug screening p
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SOURCE Psychemedics Corporation
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