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{{short description|American medical technology company}}
{{Infobox company
| name = Abaxis
| logo =
| type =
| industry = [[Medical technology]]
| fate = defunct
| predecessor = <!-- or: | predecessors = -->
| successor = <!-- or: | successors = -->
| founded = {{Start date and age|1989|04}} in [[Mountain View, California|Mountain View]], [[California]], [[United States]]
| founders = Gary H. Stroy <br> Vladimir E. Ostoich <br> Richard Leute
| defunct = {{End date|2018|07|31}}
| hq_location_city = [[Union City, California|Union City]], California
| hq_location_country = United States
| area_served = <!-- or: | areas_served = -->
| key_people = Richard K. Leute
| products = VetScan<br>Piccolo
| owner = <!-- or: | owners = -->
| num_employees = 580+
| num_employees_year = 2018
| parent = [[Zoetis]]
| website = {{URL|https://www.abaxis.com/}}
}}
'''Abaxis''' was an American [[medical technology]] company that specialized in [[point-of-care testing|point-of-care]] [[blood testing]] for both [[human]] and [[veterinary medicine|veterinary]] purposes. It is noted for its attempt at developing a portable blood analyzer that can immediately yield data for doctors.<ref>{{Cite news |title=Abaxis Inc. |language=en-US |work=The New York Times |url=https://www.nytimes.com/topic/company/abaxis-inc |access-date=2022-08-17 |issn=0362-4331}}</ref>
==History==
Abaxis was founded by Gary H. Stroy, Richard Leute, and Vladimir E. Ostoich in April 1989. It was founded to develop a machine capable of analyzing blood and provide doctors readings on 80 tests within a few minutes.<ref>{{Cite web |last=Whelan |first=David |title=Medicine Man |url=https://www.forbes.com/forbes/2007/1029/088.html |access-date=2022-08-17 |website=Forbes |language=en}}</ref>
The company was originally based in [[Mountain View, California|Mountain View]], [[California]] until 1992, when it moved its headquarters to [[Sunnyvale, California|Sunnyvale]], California. Also in 1992, the company completed its [[initial public offering]], from which it raised a total of $27 million,<ref name="idch">{{Cite encyclopedia |year=2006 |title=Abaxis, Inc |encyclopedia=International Directory of Company Histories  |url=https://www.encyclopedia.com/books/politics-and-business-magazines/abaxis-inc}}</ref> 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".<ref>{{Cite news |url=https://www.nytimes.com/1992/04/01/business/business-people-president-co-founder-of-abaxis-resigns-post.html |title=BUSINESS PEOPLE; President, Co-Founder Of Abaxis Resigns Post |last=Ramirez |first=Anthony |date=1992-04-01 |work=The New York Times |access-date=2019-08-05 |language=en-US |issn=0362-4331}}</ref> Leute remained serving the company as a consultant.<ref>{{Cite web |last= |date=1992-04-01 |title=Abaxis Inc. announced the appointment of Gary... |url=https://www.latimes.com/archives/la-xpm-1992-04-01-fi-83-story.html |access-date=2022-08-17 |website=Los Angeles Times |language=en-US}}</ref>
Abaxis 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|Union City]], California. It posted its first net profit, of $188,000, in 2001.<ref name="idch" /> In May 2018, [[Zoetis]] announced that it had reached an agreement to acquire Abaxis,<ref>{{Cite press release |title=Zoetis to Acquire Abaxis, a Leading Global Provider of Veterinary Point-of-Care Diagnostic Instruments  |date=2018-05-16 |url=https://news.zoetis.com/press-release/diagnostics/zoetis-acquire-abaxis-leading-global-provider-veterinary-point-care-diagno |url-status=dead |archive-url=https://web.archive.org/web/20180624183939/https://news.zoetis.com/press-release/diagnostics/zoetis-acquire-abaxis-leading-global-provider-veterinary-point-care-diagno |archive-date=2018-06-24 |access-date=2019-08-05 |website=Zoetis}}</ref> and the acquisition was finalized in July of that year.<ref>{{Cite press release |title=Zoetis Completes Acquisition of Abaxis, a Leading Global Provider of Veterinary Point-of-Care Diagnostic Instruments |date=2018-07-31 |url=https://news.zoetis.com/press-release/diagnostics/zoetis-completes-acquisition-abaxis-leading-global-provider-veterinary-poi |url-status=dead |archive-url=https://web.archive.org/web/20181004144833/https://news.zoetis.com/press-release/diagnostics/zoetis-completes-acquisition-abaxis-leading-global-provider-veterinary-poi |archive-date=2018-10-04 |access-date=2019-08-05 |website=Zoetis}}</ref>
==References==
{{Reflist}}
==External links==
*{{Official website|https://www.abaxis.com/}}
[[Category:1989 establishments in California]]
[[Category:2018 disestablishments in California]]
[[Category:Medical technology companies of the United States]]
[[Category:Companies based in Mountain View, California]]
[[Category:Companies based in Sunnyvale, California]]
[[Category:Companies based in Union City, California]]
[[Category:American companies established in 1989]]
[[Category:American companies disestablished in 2001]]
[[Category:2018 mergers and acquisitions]]
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