EXHIBIT 23.2
 
                  ACCOUNTANTS' CONSENT AND REPORT ON SCHEDULE
 
The Board of Directors and Shareholders
Metra Biosystems, Inc.
 
    The audits referred to in our report dated July 18, 1996, included the
related financial statement schedule as of June 30, 1996 and 1995, and for each
of the years in the two-year period ended June 30, 1996 included in the Form
10K. This financial statement schedule is the responsibility of the Company's
management. Our responsibility is to express an opinion on this financial
statement schedule based on our audits. In our opinion, such financial statement
schedule, when considered in relation to the basic consolidated financial
statements taken as a whole, presents fairly in all material respects the
information set forth therein.
 
    We consent to the incorporation by reference in the registration statement
on Form S-8 No. 33-99200 of our report dated July 18, 1996, with respect to the
consolidated balance sheet of Metra Biosystems, Inc. and subsidiaries as of June
30, 1996 and the related consolidated statements of operations, shareholders'
equity (deficit) and cash flows for each of the years in the two-year period
ended June 30, 1996, which report appears in the June 30, 1997 annual report on
Form 10-K of Metra Biosystems, Inc.
 
                                          KPMG Peat Marwick LLP
 
San Francisco, California
September 26, 1997