Psychemedics (PMD)

Overall impact
B (61)

Commentary

Psychemedics is a strong overall performer. With a 'B' rating of 61.4 for overall impact (66th percentile compared to all companies), Psychemedics ranks 52nd out of 76 industry peers, behind IMAC, Enzo Biochem, Invitae and 48 others, and ahead of Ortho Clinical Diagnostics, Dexcom, Perkinelmer and 21 others. On top material causes for Psychemedics's industry (Healthcare Software & Services), Psychemedics performs well in Disease Eradication (81.8 score), Reduced Waste (88.6), Reduced Use of tobacco (86.5) and 1 other cause where it received an 'A' score and performs poorly in Reduced Green House Gas Emissions (36.4 score), Technology Innovation (10.2) and Quality Lifelong Education (14.8).
Impact
Cause PMD
Peer rank
Overall impact

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Company
Employees
116
Sector
Health Care
Industry
Biotechnology
Sub-industry
Biotechnology
SASB industry
Biotechnology & Pharmaceuticals
Headquarters
Tx, United States
Share classes
PMD
Description
Psychemedics Corporation, together with its subsidiaries, engages in the provision of testing services for the detection of drugs of abuse and other health markers through the analysis of hair samples in the United States and internationally. It offers screening and confirmation by mass spectrometry using industry-accepted practices for cocaine, marijuana, and PCP; amphetamines, including ecstasy, eve, and Adderall; opioids, such as heroin metabolite, morphine, hydrocodone, hydromorphone, oxycodone, oxymorphone, and codeine; synthetic cannabinoids comprising K2, Spice, and Blaze; benzodiazepines consisting of Xanax, Valium, and Ativan; and nicotine, fentanyl and fentanyl analogs, and alcohol. The company's testing results provide quantitative information that could indicate the approximate amount of drug ingested, as well as historical data that could show a pattern of individual drug use over a longer period of time. It offers its services to employers for job applicant and employee testing; and treatment professionals, law enforcement agencies, school administrators, and parents concerned about their children's drug use. The company was incorporated in 1986 and is headquartered in Dallas, Texas.
Material causes
Ethos considers the following causes material for Psychemedics, based on its industry sub-industry Biotechnology. Learn more about material causes in our methodology overview.

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