Psychemedics Corp: Up on FDA clearance for nicotine detection test

Psychemedics

29/04/2020 17:42

** Drug testing system maker's  PMD.O  shares rise 5.7% to
$6.25
    ** U.S. Food & Drug Administration grants clearance to PMD's
hair test for detecting cotinine, a biomarker  that indicates
exposure to tobacco smoke or nicotine  urn:newsml:reuters.com:*:nGNXc8xJN3
    ** Test can detect ingestion of nicotine by all methods,
including smoking or use of electronic cigarettes
    ** PMD makes devices that analyze human hair to detect drugs
of abuse and show the approximate amount of drug ingested as
well as the pattern of drug use over longer periods of time
    ** Stock down ~32% so far this year

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 8325;))