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Meris Laboratories

This article was originally published in The Gray Sheet

Executive Summary

Expects to report 1993 revenues of $43 mil., up 20.1%, and a loss of about $8.5 mil, the firm reports April 1. The firm "has been unable to complete the financial and related portions of its annual report on Form 10-K for the year ended Dec. 31, 1993" due to "considerations associated with the ongoing private investigation being conducted by the Securities and Exchange Commission with respect to the company's 1992 financial statements." The firm simultaneously announced that it has hired Jerry Cullen to serve as chief operating officer. The position has been vacant since the May 1993 promotion of Stephen Kass to president and CEO. Cullen most recently served as senior vice president of operations at Damon Corp
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