UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 4 )*

                             Meris Laboratories Inc.
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                    589848100
                                 (CUSIP Number)

*The  remainder  of this  cover  shall be filled  out for a  reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsquenent  amendment  containing  information  which  would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).

1.  NAME OF REPORTING PERSON
     S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
           Morton H. Sachs & Co. DBA The Sachs Company

2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (A)

                                                                  (B)
3.  SEC USE ONLY

4.  CITIZENSHIP OR PLACE OF ORGANIZATION
           Kentucky


NUMBER OF               5.  SOLE VOTING POWER                       635,000
SHARES
BENEFICIALLY            6.  SHARED VOTING POWER                           0
OWNED BY
EACH                    7.  SOLE DISPOSITIVE POWER                  635,000
REPORTING PERSON
WITH                    8.  SHARED DISPOSITIVE POWER                      0
                                       
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
           635,000

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
           N/A

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
           7.9%

12.   TYPE OF REPORTING PERSON*
           IA




Cusip No.589848100                     13G                Page 2 of 3 Pages

SCHEDULE 13G ADDITIONAL INFORMATION
- -----------------------------------

Item #
1. (a)  Name of Issuer:
           Meris Laboratories Inc.

   (b)  Address of Issuer's Principal Executive Offices:
           2890 Zanker Road
           San Jose, CA  95134

2. (a)  Name of Person Filing:
           Morton H. Sachs & Co. DBA The Sachs Company

   (b)  Address of Principal Business Office for Each of the Above:
           1346 South Third Street
           Louisville, KY  40208

   (c)  Citizenship:
           A Kentucky Corporation

   (d)  Title of  Class of  Securities:
           Common Stock

   (e)   CUSIP Number:
           589848100

3. This statement is filed pursuant to Rule  13d-1(b),  or 13d-2(b).  The person
   filing is a: 
     (a) [ ] Broker or Dealer  registered under Section 15 of the Act
     (b) [ ] Bank as  defined  in  section  3(a)(6)  of the Act 
     (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act 
     (d) [ ] Investment Company registered  under section 8 of the Investmen
             Company Act 
     (e) [x] Investment Adviser registered under section 203 of the Investment 
             Advisers Act of 1940
     (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the 
             provisions of the Employee Retirement Income Security Act of 1974 
             or Endowment Fund
     (g) [ ] Parent Holding  Company,  in accordance with  240.13d-1(b)(ii)(G)
             (Note: See Item 7) The Sachs Company is an investment adviser
             registered under Section 203 of the Investment Advisers Act of 1940
             reporting under Rule 13d-1(b) (ii) (G).
     (h) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(H)

4. Ownership:
   (a) Amount Beneficially Owned:                                      635,000
   (b) Percent of Class:                                                  7.9%
   (c) Number of shares as to which such person has:
        (i)   sole  power to vote or to direct  the vote               635,000  
        (ii)  shared power to vote or to direct the vote                  None 
        (iii) sole power to dispose or to direct the disposition of    635,000. 
        (iv)  shared power to dispose or to direct the disposition of     None

5. Ownership of Five Percent or Less of a Class:
          N/A








CUSIP NO.589848100                      13G                   Page 3 of 3 Pages

SCHEDULE 13G ADDITIONAL INFORMATION  (continued)
- ----------------------------------- 

Item #
6. Ownership of More than Five Percent on Behalf of Another Person:
           N/A

7. Identification  and  Classification  of the  Subsidiary  Which  Acquired  the
   Security Being Reported on by the Parent Holding Company:
           N/A

8. Identification and Classification of Members of the Group:
           N/A

9. Notice of Dissolution of Group:
           N/A

10. Certification:

           By signing below, the undersigned  certifies that, to the best of its
           knowledge and belief, the securities  referred to above were acquired
           in the  ordinary  course of  business  and were not  acquiredfor  the
           purpose of and do not have the effect of changing or influencing  the
           control of the issuer of such  securities  and were not  acquired  in
           connection  with or as a participant in any  transaction  having such
           purpose or effect.

           SEE NOTE NO. 1 BELOW
           --------------------

           After reasonable  inquiry and to the best of my knowledge and belief,
           I certify that the  information  set forth in this statement is true,
           complete and correct.

Dated:     AS OF SEPTEMBER 26, 1997
Dated:     ON DECEMBER 11, 1997

Morton H. Sachs & Co. DBA The Sachs Company

by: /s/ Christopher A. Nunnelley, V.P.
    ----------------------------------
    Christopher A. Nunnelley, V.P.


NOTE NO.1: The reporting person hereby disclaims  beneficial  ownership of
           475,000 shares of the above shares,  and the filing of this statement
           shall not be construed as an admission  that the reporting  person is
           the beneficial owner of 475,000 shares covered by this statement.