UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

January 2, 2004
(Date of earliest event reported)

PHARMCHEM, INC.
(Exact name of registrant as specified in its charter)

DELAWARE		0-19371		77-0187280
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

	4600 N. Beach Street, Haltom City, Texas		76137
	(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: 817-605-5300

Item 5. Other Events and Regulation FD Disclosure.

On January 2, 2004, PharmChem, Inc. issued a press release announcing an amendment to its loan agreement. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.

Item 7. Financial Statements and Exhibits.

	Exhibit Index
		99.1	Press release dated January 2, 2004

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		PHARMCHEM, INC. (Registrant)
January 02, 2004 (Date)		/s/ DAVID A. LATTANZIO David A. Lattanzio Vice President and Chief Financial Officer

PHARMCHEM INC 8-K