Pacific Biometrics Inc

Pacific Biometrics Inc., Lake Forest developer of diagnostics and laboratory services to detect chronic diseases, reported that its losses widened in the fourth fiscal quarter as revenue declined 50%. The company posted a net loss of $1.7 million, or 47 cents a share, for the three months ended June 30, compared with a net loss of $307,188, or 8 cents a share, for the like period in fiscal 1997. Revenue dropped to $453,615 from $914,797.

Pacific Biometrics Inc., which develops diagnostic products for chronic diseases, said it lost $439,026, or 12 cents a share, for the third fiscal quarter, compared to a net loss of $147,443, or 9 cents a share, for the year-earlier period. Revenue for the quarter ended March 31 increased 60% to $648,550 from $404,145. For the nine months, the company lost $1.

Pacific Biometrics Inc. stock dropped 21%, or 75 cents a share, Friday to close at $3.75 after the company disclosed that regulators may require it to do more tests on its experimental skin patch intended to detect bone deterioration. The Irvine developer of diagnostic tests for osteoporosis and other chronic diseases said it's unlikely that regulators will approve the patch for sale by late September, as the company had hoped. Pacific Biometrics said the U.S.

Pacific Biometrics Inc. said Monday its auditor, Coopers & Lybrand LLP, resigned after the Irvine developer of diagnostic and laboratory services restated its loss for a recent quarter on the auditor's advice. In a news release in early May, the company initially said it posted a loss of $1.1 million, or 62 cents a share, for its third quarter, ended March 31. Later last month, the company reported a wider loss of $1.3 million, or 88 cents, for the period.

The Nasdaq stock market plans to delist the shares of Pacific Biometrics Inc. on Monday, saying the price has fallen below $1 a share and that the medical company's net worth no longer meets its listing requirements The Lake Forest company is developing methods for early detection and management of osteoporosis and diabetes, but has suffered a string of losses. A delisting from Nasdaq would make it harder for the company to raise new capital to continue.

Pacific Biometrics Inc., which develops diagnostics and laboratory services to detect and manage chronic diseases, reported narrower losses for the fiscal year ended June 30. The company incurred a net loss of $1.6 million, or 51 cents a share, for the fiscal year, compared with a net loss of $7.6 million, or $5.89 a share, for the prior year. Revenue increased 65% to $2.8 million from $1.7 million.

Pacific Biometrics restated its third-quarter loss to $1.3 million, or 88 cents a share, from the loss of $1.1 million, or 62 cents, that the Irvine company reported May 11. Pacific, which develops diagnostic tests and laboratory services for chronic diseases, also amended its loss for the nine-months ended March 31 to $1.30 a share, from a loss of $1.04 a share reported earlier.

* James E. Mead has been named chief financial officer of Newport Beach-based Irvine Apartment Communities. He succeeds Richard E. Moran Jr., who retired recently from the company, a real estate investment trust. The company also named Tyler H. Rose, former Irvine Co. finance vice president, as treasurer. Mead had been treasurer since 1994. Both remain senior vice presidents. In addition. William H. McFarland was elected to the board of Irvine Apartment Communities.

John Fuller has been named vice president, controller, of Anaheim-based CKE Restaurants Inc., the parent company of Carl Karcher Enterprises Inc., Casa Bonita Inc. and Summit Family Restaurants Inc. Fuller joined the company as director of financial services in 1994 and was named director, controller, in 1995. Before that, he was with KPMG Peat Marwick. Gary Zurmuhle has been appointed regional vice president for Carl Karcher Enterprises Inc. He will oversee operations for 110 Carl's Jr.

* Edward F. Pensel has been appointed senior vice president, global configuration operations for Ingram Micro Inc., a Santa Ana wholesale distributor of technology products and services. He previously spent seven years at Data General Corp. in Westborough, Mass., most recently as vice president, worldwide manufacturing operations. * Anie Chinarian has been named vice president of human resources and administration for Caliber Collision Centers in Irvine.