Psychemedics Corporation Announces New Brazilian Distribution Agreement
Psychemedics Corporation (PMD)
US:NASDAQ Investor Relations:
investors.psychemedics.com
Company Research
Source: GlobeNewswire
ACTON, Mass., Sept. 19, 2019 (GLOBE NEWSWIRE) -- Psychemedics Corporation (Nasdaq:PMD) announced today that it has entered into a new distribution agreement in Brazil with Sansão Holding S.A. and with Toxicologia Pardini Ltda., our existing independent distributor in Brazil, formerly known as Psychemedics Brasil Exames Toxicológicos Ltda. The new agreement replaces our prior distribution agreement with Psychemedics Brasil. As we previously disclosed, Psychemedics Brasil had a majority of its shares acquired by Instituto Hermes Pardini S.A. (IHP), a provider of medical and diagnostic services in Brazil, including reference laboratory services. Under the new agreement, Sansão and Toxicologia Pardini were appointed as a non-exclusive distributor to sell, promote and distribute Psychemedics’ hair drug testing services for an indefinite term. The agreement may be terminated for any reason by either party following 90 days’ written notice. The distributor, IHP, and IHP’s controlled comp
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PMD
Sec Filings
- 6/12/24 - Form 8-K
- 6/3/24 - Form 8-K
- 5/14/24 - Form 10-Q
- PMD's page on the SEC website