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Psychemedics

Acton, Massachusetts, United Statespsychemedics.com ↗

Ownership: Public · PMD
Employees: ~201
Development stage: Commercial

Overview

Psychemedics’ patented hair analysis technology provides a three-month history of drug use with higher sensitivity than urine or other hair tests. The company’s FDA-cleared panels are used by thousands of clients globally—including Fortune 500 companies and law enforcement agencies—for pre-employment and random screening. In recent years the company has faced financial challenges but remains the global leader in its niche. No clinical trial results as it offers diagnostics rather than therapeutics.

Therapeutic areas: OtherPsychiatry
Modalities: Device (diagnostic test)Non-pharmacological therapy (drug testing service)
Industry: Metabolite Diagnostics

Partnerships

Not specifically listed in public sources. Major clients include Fortune 500 companies and public sector organizations.

Financials

Market cap: $15.6M
Total revenue: $4.4M
Enterprise value: $15.3M

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