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American Bio Medica Corp (ABMC)

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ABMC Logo

FDA Emergency Use Authorized

COVID-19 Rapid Test

American Bio Medica Corporation (ABMC.PK) is a biotechnology company that develops, manufactures, and markets accurate, cost-effective immunoassay test kits, including some of the world’s most effective point of collection tests for drugs of abuse. American Bio Medica Corporation (formerly American Micro Media Inc) was founded in 1992.  The Company and its worldwide distribution network target the workplace, government, corrections, clinical and educational markets.

Mission Statement

"To provide innovative products with the highest levels of accuracy to ensure our customers stay ahead of the ever changing drugs of abuse industry.  We pride ourselves on operating with the utmost integrity and providing superior service to our customers throughout the world."

 
 

General Info

ABMC has a long proven history based on all the FDA approved products totalling over 100+.  List of Products on FDA

ABMC currently holds a GSA contract that is currently good through Jul 31, 2021.  A GSA contract allows government agencies to immediately purchase

without the need to go to public bid.  Having a GSA contract is a big advantage to getting products out faster.  GSA Certification Link

ABMC homepage: https://abmc.com

ABMC SEC Filings: https://www.sec.gov/cgi-bin/browse-edgar?CIK=0000896747&action=getcompany

ABMC OTCMarkets Page: https://www.otcmarkets.com/stock/ABMC

ABMC CEO: Melissa Waterhouse, mdwaterhouse@abmc.com

ABMC Investor FAQ and contact information: https://abmc.com/faq/

ABMC Facebook: https://www.facebook.com/AmericanBioMedicaCorp/

ABMC Linkedin: https://www.linkedin.com/company/american-bio-medica-corporation/

ABMC Twitter (last post from 2017): https://twitter.com/americanbiomed

Share Structure

Outstanding: 35,823,840
Authorized: 50,000,000

Chart


Management
 

Melissa Waterhouse

Chief Executive Officer/ Principal Accounting and Financial Officer

Melissa Waterhouse joined ABMC in December 1997. Since that time she has held various management positions in Investor Relations, Marketing and Public Relations. She served as our Corporate Secretary from September 2003 until her interim appointment as Chief Executive Officer and Principal Financial Officer in October 2013. In June 2014, Ms. Waterhouse was appointed as Chief Executive Officer and Principal Financial Officer and was appointed to the Board of Directors.

Douglas Casterlin

Vice President of Operations.

Douglas Casterline has served as our Vice President, Operations since July 2012. Mr. Casterlin originally joined the Company in 1997. Mr. Casterlin has over 30 years experience in manufacturing and production.

Scott D. Hutton, Ph.D.

Vice President of Sales & Marketing

Scott D. Hutton, Ph.D. has been with ABMC for over 8 years and, he has over 18 years of experience in the drug testing industry. He has negotiated numerous state contracts as well as contracts with Fortune 500 Companies. Prior to being in the drug testing industry, he had over 15 years of law enforcement and corrections management experience. Dr. Hutton has written a book entitled, “Staff Supervision Made Easy” and served in the U.S. Army.

 

Press Releases

ABMC's COVID-19 Antibody Rapid Test Detection Kit Receives FDA EUA Approval

ITEM 7.01
REGULATION FD DISCLOSURE
 
On March 20, 2020, American Bio Medica Corporation (the “Company”) announced in a press release and Form 8-K that it was offering a COVID-19 Antibody Rapid Detection Kit to detect COVID-19 in whole blood, serum or plasma via finger stick. On May 29, 2020, the COVID-19 test being distributed by the Company was authorized by the United States Food and Drug Administration (FDA) under an Emergency Use Authorization (EUA) for use by authorized laboratories. The product, manufactured by Healgen Scientific, LLC, has been authorized only for the presence of IgM and IgG antibodies against SARS-CoV-2, not for any other viruses or pathogens. The product is intended for professional use and not for home use. The Company will continue to market the COVID-19 test in full compliance with FDA policy and the EUA.
 
The information in this Item 7.01 is furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.

FDA EUA Approval Letter Link


 

Rapid Testing Kits Coming Soon for Hillsborough First Responders

PUBLISHED 8:58 AM ET Apr. 27, 2020

HILLSBOROUGH COUNTY, Fla. -- Widespread coronavirus testing could be available for first responders in Hillsborough County as early as this week. 

These are rapid testing kits that will determine who has the virus, which will help the department pinpoint who may have been exposed. 

As COVID-19 quickly spread across the country, first responders accounted for some of the earliest cases, even here in Hillsborough County. 

"We had four members test positive for COVID-19. We've had over 60 members tested. We've had numerous folks exposed, isolated, or quarantined," Deputy Chief Jason Dougherty said. 

That's why it was so important for Hillsborough County to test all of its first responders. The county shelled out about $250,000 for 44,000 rapid COVID-19 testing kits. 

"The test will tell them whether they've been exposed to the COVID-19 virus or whether they have COVID-19," Dougherty said. 

First responders in municipalities like Tampa will also have access to the rapid testing kits and so will staffers at nursing homes. 

The county ordered the kits from American Biomedica, a New York-based company. 

While this particular test hasn't been reviewed by the FDA, the government allowed it to be used under an emergency act. 

Several of those testing companies have come under fire for results that yielded false positives and false negatives. However, according to Chief Dougherty, any results that come back will have to be confirmed by the Florida Department of Health. 

"It's an important step for members to give them a piece of mind but also to protect the citizens in the community and make them feel safe and comfortable with our folks responding to the emergency," Dougherty said. 

The testing kits could arrive as early as Wednesday.

ABMC Offers rapid Test for COVID-19

–Company expects distribution would materially impact sales–

Kinderhook, N.Y., March 23, 2020 – American Bio Medica Corporation (OTCPK: ABMC), a manufacturer of accurate, cost-effective immunoassay test kits, announced today that it began offering on March 17, 2020, via a distribution partnership, a Rapid Test to detect Covid-19 in whole blood, serum or plasma. The assay offers qualitative and differential detection of IgG and IgM antibodies to the 2019 Novel Coronavirus (Covid-19) and provides results in as few as 2 minutes and generally not more than 15 minutes. The test has not yet been reviewed by the U.S. Food and Drug Administration (FDA), but is being offered under the March 16, 2020 guidance set forth by the FDA. 

The test can be used for rapid screening of carriers of the virus that are symptomatic or asymptomatic and can be used across many markets including hospitals, clinics, and by employers and correctional institutions. The test is not available for consumer use and will be marketed in full compliance with the FDA guidance, including the required labeling indicating that antibody testing should not be used as the sole basis to diagnose or exclude a Covid-19 infection. 

To place an order, customers can call (800) 227-2343, or (518) 758-8158 outside the United States or, contact the company via email at COVID19@abmc.com 

For more information on ABMC or its testing products, please visit www.abmc.com

 
ABMC HQ

Patents held by ABMC

ABMC currently has 8 active patents

1. System and procedure for lateral flow immunoassay tests

2. Device and method for testing biological samples

3. Device and method for testing biological samples (Europe)

4. Extraction method and apparatus for high-sensitivity body fluid testing device

5. Assay device and process for the testing of fluid samples

6. Method for stimulating saliva production during oral sample collection …

7. Lateral flow immunoassay device and method

8. Container closure cap with self-sealing slot


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ABMC News: Quarterly Report (10-q) 05/16/2022 11:29:17 AM
ABMC News: Proxy Statement (definitive) (def 14a) 04/28/2022 01:10:29 PM
ABMC News: Current Report Filing (8-k) 12/22/2021 10:20:20 AM
ABMC News: Amended Statement of Ownership (sc 13g/a) 11/30/2021 01:06:17 AM
ABMC News: Statement of Changes in Beneficial Ownership (4) 11/29/2021 01:25:42 PM
PostSubject
#27073   No one is head of sales for a meluto 05/12/22 03:14:29 PM
#27072   Maybe, this forced on her?? jw246802005 05/12/22 12:38:17 PM
#27071   Stuart Sternberg Active?? jw246802005 05/12/22 12:30:11 PM
#27070   Head of Sales? jw246802005 05/12/22 12:27:47 PM
#27069   Disappointment? The stock price for anyone still holding is meluto 05/09/22 03:48:54 PM
#27068   Just stopping by for a laugh.. One11 05/09/22 11:24:19 AM
#27067   needs volume, dry er than americano jokes. BEIJING BILL 04/07/22 01:02:11 PM
#27066   Who would buy a testing company that couldn't RVfundage 03/31/22 08:55:25 PM
#27065   Looks interesting.Maybe ready,thanks! tequilafan 03/22/22 10:41:01 AM
#27064   8K out, this could rock!! Ronin 03/21/22 12:39:13 PM
#27063   26M in the float, this could rock! Ronin 03/21/22 12:27:38 PM
#27062   or looking to buy/merge ? meluto 03/21/22 07:56:41 AM
#27061   ABMC up for sale? Ronin 03/20/22 06:36:37 PM
#27060   8-K out;why not on ihub I don't know?? meluto 03/15/22 03:59:04 PM
#27059   Melissa pitches a shutout!!! RVfundage 02/14/22 05:12:04 PM
#27058   same old Mel nothing changes..I unfortunately had to slackk 01/11/22 05:53:05 PM
#27057   Hey my sweet Melissa,how's the one and only justbecause516 01/11/22 12:26:43 PM
#27056   $ABMC Up ... 22% today.. This will micromillionaire 01/10/22 09:33:27 PM
#27055   A friend looking at the company,told me justbecause516 01/06/22 02:43:09 PM
#27054   Where did you see that? meluto 01/06/22 10:58:02 AM
#27053   Yup but a bad time to let your justbecause516 01/06/22 10:19:23 AM
#27052   Good time for a trade meluto 12/28/21 02:15:35 PM
#27051   Good question meluto 12/28/21 02:08:32 PM
#27050   Why did the accounting firm quit? oldhamtrader 12/28/21 01:13:48 PM
#27049   Sell Steak? How about tests? jw246802005 12/26/21 04:56:53 PM
#27048   Chinese test kits and an inept Ceo that justbecause516 12/22/21 05:11:33 AM
#27047   $ABMC... We have a major spike in Corona micromillionaire 12/19/21 01:16:05 PM
#27046   Yes I've spoken to her a few times meluto 12/05/21 07:15:41 AM
#27045   Have you ever spoken to her in person jw246802005 12/03/21 09:59:09 AM
#27044   Stuart Sternberg owns 9.3% of all the ABMC shares jw246802005 12/03/21 01:26:48 AM
#27043   Perhaps you should try to speak with her meluto 12/01/21 02:38:17 PM
#27042   ERC tax credit refund due back to the company meluto 12/01/21 01:40:14 PM
#27041   What tax money? jw246802005 11/30/21 10:09:31 PM
#27040   oh yeah I see that now..thanks for correcting slackk 11/30/21 08:19:40 AM
#27039   He didn't sell meluto 11/30/21 06:21:38 AM
#27038   looks like he might have sold everything slackk 11/29/21 07:11:34 PM
#27037   Omicron = Income Opportunity The only question here jw246802005 11/27/21 10:10:26 PM
#27036   Hard to believe the company and employees still slackk 11/20/21 02:12:16 PM
#27035   Hard to believe that sales actually dropped off Bobinsd 11/18/21 07:18:24 PM
#27034   I love how she starts out “sales actually slackk 11/18/21 05:35:23 PM
#27033   10Q out meluto 11/18/21 05:15:34 PM
#27032   Tomorrow after market close 10Q? oldhamtrader 11/18/21 11:57:49 AM
#27031   As predicted by many NT-10Q is now out meluto 11/15/21 04:51:52 PM
#27030   Wut happened? 9%? Bobinsd 11/12/21 02:34:11 AM
#27029   less than 2 weeks till Mel has another slackk 11/10/21 06:55:56 AM
#27028   Less than 2 weeks until NT10Q! oldhamtrader 11/05/21 10:03:40 AM
#27027   The company just issued 9.7 Million new shares hondaboost 10/28/21 03:28:18 PM
#27026   Nope. I guess that some shareholders are liquidating hondaboost 10/28/21 03:09:28 PM
#27025   Ya you would think we hear something soon! JJ24 10/28/21 11:10:41 AM
#27024   Insiders doubled holdings here: hondaboost 10/28/21 09:49:14 AM
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