SEATTLE, Dec. 18 /PRNewswire-FirstCall/ -- Pacific Biometrics, Inc. (OTC Bulletin Board: PBME) ("PBI" or "the Company"), a leading provider of specialized central laboratory and contract research services, today announced that its stockholders approved all three proposals that were voted upon at the Company's Annual Meeting on December 14, 2009.
A majority of stockholders voted to approve a change in the Company's name to "Pacific Biomarkers, Inc." The corporate name change will become effective upon filing of a Certificate of Amendment to the Company's Certificate of Incorporation with the Secretary of State of Delaware. The name change must also be submitted to the Financial Industry Regulatory Authority (FINRA) for review. In connection with this required notification, FINRA will assign a new ticker symbol for the Company's common stock.
"Since PBI's creation, we have provided high-quality esoteric assay services for clinical drug and diagnostic product development," stated Ron Helm, the Company's Chief Executive Officer. "Many of these assay services are encompassed by the term 'biomarker', which refers to any biological parameter that can be measured in patient samples and that provides specific information about the effects of a particular drug. Over the past five years, we have seen an accelerating trend towards the use of biomarkers in all phases of drug development, and many expect that this will lead to true personalized medicine. Therefore, our business strategy to focus on this type of testing is even more relevant today than it was when the Company was founded."
"To capture an even greater share of this rapidly growing market, we have aggressively expanded our service offering to include custom assay services for our pharmaceutical and biotechnology clients," continued Helm. "In addition to our traditional biomarker services, we also provide assay development services for novel biomarkers, as well a
|SOURCE Pacific Biometrics, Inc.|
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