Abaxis

Abaxis

Company type	Public
Industry	Medical technology
Founded	April 1989 (1989-04)
Founder	Gary H. Stroy, Richard Leute, Vladimir E. Ostoich
Defunct	July 2018 (2018-07)
Fate	Acquired by Zoetis
Headquarters	Union City, California , United States
Area served	Human healthcare and animal health
Key people	Gary H. Stroy (President)
Products	VetScan, Piccolo blood analyzers

Abaxis was a U.S.-based company in the field of medical technology, focusing on point-of-care blood testing solutions for both human healthcare and animal health. The firm specialized in creating compact blood analyzers that enabled clinicians to obtain quick diagnostic results.

History

Established in April 1989 by founders Gary H. Stroy, Richard Leute, and Vladimir E. Ostoich, Abaxis set out to develop a device capable of delivering results for 80 different blood tests within a matter of minutes.

Initially located in Mountain View, California, the company moved its headquarters to Sunnyvale, California in 1992. That same year, Abaxis went public through an initial public offering that generated $27 million. Following this, co-founder and president Richard K. Leute stepped down from his role but continued to contribute as a consultant, with Stroy assuming the presidency.

The company's first product for commercial release, VetScan, debuted in 1994, followed by the introduction of its first diagnostic system for human use, Piccolo, in 1995. In 2000, Abaxis relocated its main office once more to Union City, California. The company recorded its inaugural net profit of $188,000 in 2001.

In May 2018, Zoetis revealed plans to acquire Abaxis, completing the transaction by July 2018.