I
N THE LATE 1990S, THE
National Aeronautics and
(
NASA) was looking for a method to determine the i
of their employees to avoid having to send them ho
a costly round of transportation. Operating out of t
Laboratory, Abaxis, founded in 1989, began developin
analyzer capable of carrying out multiple blood tests f
blood. The company acquired the rights to patent their t
finalized the concept design for a point-of-care blood ch
as the “EPOC 2000” system.
That same year, the company went public and raised
the development of this technology. By 1996, Abaxis ha
blood chemistry tests needed for the point-of-care mac
losing nearly $7 million each year in sales because they
finished product. To help close this financial gap as the
menu, Abaxis expanded its focus into the veterinary me
the VetScan analyzer and introducing it to the US market
require fewer tests than humans, this allowed the Aba
developing its human test menu while simultaneously i
1997,
sales had increased to $7.2 million. Year on year, t
to rise, and in 2001, Abaxis officially became a profitabl
Visit us online at
Abaxis Healthcare
Abaxis Brings Lab
