Abaxis

Abaxis was an American medical technology company that specialized in point-of-care blood testing for both human and veterinary purposes.

Abaxis
IndustryMedical technology
Fatedefunct
FoundedApril 1989 (1989-04) in Mountain View, California, United States
FoundersGary H. Stroy
Vladimir E. Ostoich
DefunctJuly 31, 2018 (2018-07-31)
Headquarters
Union City, California
,
United States
Key people
Richard K. Leute
ProductsVetScan
Piccolo
Number of employees
580+ (2018)
ParentZoetis
Websitewww.abaxis.com

History

Abaxis was founded by Gary H. Stroy and Vladimir E. Ostoich in April 1989. It was originally based in Mountain View, California until 1992, when it moved its headquarters to Sunnyvale, California. Also in 1992, the company completed its initial public offering, from which it raised a total of $27 million,[1] and president and chief executive Richard K. Leute, who had helped to found the company, resigned from it. Leute was replaced by Stroy, who stated that Leute had resigned from Abaxis for "personal reasons".[2] It introduced its first commercial product, VetScan, in 1994, followed by its first human diagnostic technology, Piccolo, in 1995. In 2000, it again relocated its headquarters, this time to Union City, California. It posted its first net profit, of $188,000, in 2001.[1] In May 2018, Zoetis announced that it had reached an agreement to acquire Abaxis,[3] and the acquisition was finalized in July of that year.[4]

References
  1. "Abaxis, Inc". International Directory of Company Histories. 2006.
  2. Ramirez, Anthony (1992-04-01). "BUSINESS PEOPLE; President, Co-Founder Of Abaxis Resigns Post". The New York Times. ISSN 0362-4331. Retrieved 2019-08-05.
  3. "Zoetis to Acquire Abaxis, a Leading Global Provider of Veterinary Point-of-Care Diagnostic Instruments". Zoetis (Press release). 2018-05-16. Retrieved 2019-08-05.
  4. "Zoetis Completes Acquisition of Abaxis, a Leading Global Provider of Veterinary Point-of-Care Diagnostic Instruments". Zoetis (Press release). 2018-07-31. Retrieved 2019-08-05.
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