Key Developments For Medtox Scientific, Inc.
Medtox Scientific, Inc. (MTOX.O) (Nasdaq)
Medtox Scientific, Inc. Receives FDA 510(k) Clearance for Additional Three Drugs On The PROFILE-V MEDTOXScan Drugs-of-Abuse Test System
Medtox Scientific, Inc. announced that on July 24, 2009, it received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market its PROFILE-V MEDTOXScan Drugs-of-Abuse Test System with three additional drugs -- Oxycodone, Propoxyphene and Tricyclic Anitidepressants.
Medtox Scientific, Inc. Receives FDA 510(K) Clearance for PROFILE-V MEDTOXScan Drugs-of-Abuse Test System
Medtox Scientific, Inc. announced that on February 13, 2009, it received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market its PROFILE-V MEDTOXScan Drugs-of-Abuse Test System.
Medtox Scientific, Inc. Files Application With FDA For MEDTOXScan-DJ
Dow Jones reported that Medtox Scientific, Inc., filed a 510(k) application with the Food and Drug Administration for prescription use of its MEDTOXScan reader that is used with its drugs-of-abuse diagnostic devices. MEDTOXScan is an electronic scanner that tests for drug and chemical abuse.
Medtox Scientific, Inc. Shares Fall Sharply on Q2 Results Announcement-Reuters
Reuters reported that shares of Medtox Scientific, Inc. dropped sharply, after the Company reported higher quarterly profit but fell short of analysts' expectations. The company posted second-quarter earnings of $1.8 million, or 20 cents a share.
Medtox Scientific, Inc. Announces Contract With Los Angeles County Probation Department
MEDTOX Scientific, Inc. announced that the Los Angeles County Board of Supervisors approved a contract between MEDTOX Scientific and the Los Angeles County Probation Department at their meeting on July 11, 2006. MEDTOX will provide to the Probation Department its ClearCourse Solution, which includes the Company's DARS (Drug Abuse Recognition System) training. The contract term is one year with four one year extensions. Based on the Los Angeles County Board's approval, the value of the contract is estimated at $1.15 million per year. Additionally, Oklahoma Community Corrections, the Kansas Department of Corrections and several of the Texas Community Services & Corrections Division locations have started using a combination of the ClearCourse Solution and/or the Company's point-of-collection screening devices.
