BNET Industries

Abaxis Inc.

(ABAX) is in the Pharma Industry

Market Cap:$448.0M
Last Fiscal Year Sales:$100.5M
  • Public
  • US
Dow Jones Description

The genesis of the Abaxis technology took place at the Oak Ridge National Laboratory, where under contract to the National Aeronautics and Space Administration (NASA), scientists sought to develop and manufacture a small biochemical analyzer for use in space laboratories. Abaxis was founded in April 1989. Shortly thereafter, Abaxis acquired the exclusive patent rights from Oak Ridge National Laboratory, to develop and manufacture a biochemical analyzer that was capable of performing multiple blood tests from a single drop of whole blood. In 1992, Abaxis completed the concept design for the then-named "EPOC 2000" system. To be able to measure multiple parameters from a very small quantity of whole blood, Abaxis developed the Orbos technology. This technology allows the manufacturing of stable reagents in minute quantities with extraordinary precision. In September 1994, Abaxis entered into a supply agreement with Becton Dickinson to provide them with immunochemical reagents in the Orbos format. Today, Abaxis licenses and manufactures reagents utilizing the Orbos technology to other companies. The Piccolo analyzer was introduced to the market in November 1995 with two reagent discs; Primary Health Panel, a nine-test reagent disc and a General Health Panel, a 12-test reagent disc. With the 510(k) clearance of the GGT test from the FDA, the Liver Panel Plus disc was introduced in November 1996. ...

President,CEO & Board ChairmanClinton H. Severson
Number of Employees 321
Contact Information

3240 Whipple Rd

Union City, California 94587-1217

abaxis.com

(510) 675-6500

NAICS Code In-Vitro Diagnostic Substance Manufacturing: 325413

Recent Events

  • Abaxis Q4 Profit Declines - Quick Facts

    4/29/09 - Financial Announcement - View Story

  • Abaxis to Report Fourth Quarter Fiscal 2009 Financial Results Wednesday, April 29,...

    4/21/09 - Financial Announcement - View Story

  • ABAXIS Announces Launch of Two New Products at the NAVC

    1/23/09 - Product Announcement - View Story

  • Abaxis Adds Canine Heartworm Test to Product Line

    1/15/09 - Joint Venture / Alliance - View Story

News & Analysis

abaxis inc. - All News and Analysis

Additional Resources

Decision Makers

Name (plus bio) Position
Alberto R. Santa Ines CFO & Vice President, Finance
Donald P. Wood Chief Operations Officer
Kenneth P. Aron Chief Technology Officer
Christopher M. Bernard Vice President, Sales and Marketing
Lou Ramondetta Vice President, Sales
Martin Mulroy Vice President of Veterinary Sales and Marketing, for North America
Vladimir E. Ostoich Vice President of Govt Affairs & Pac Rim
Achim Henkel European Sales and Marketing Director
Andy Koupas Area Sales Director, West
Bill Wilson Area Sales Director, Mid, Atlantic & Ohio Valley
Brett Stromatt Area Director, Sales, East
Frank Pickard Sales Director, Southeast
Matthew Rapp Area Director, Sales, West
Michael Solomon Director, Business Dev
Mike Petrunich Area Director, Sales, East
Randy Knick Area Sales Director, Central US
Richard Duncan Director, Sales, Piccolo Market
Rick Betts Abaxis' Director of Marketing
Ron Blasig Director, Marketing, Piccolo
Valerie Goodwin Director, Marketing, Veterinary Diagnostics
Barbel Kohler European Sales and Marketing Manager
Chris Ballinger Area Sales Manager, Southeast
Gerard Cabrera Area Sales Manager, Northeast
Jeff Sumpter Area Sales Manager, South Central
John Therrien Area Sales Manager, Mid, West
Larry Lem Abaxis Hematology Product Manager
Torrey Inez Area Sales Manager, Southwest

Board of Directors

Name (plus bio) Position
Clinton H. Severson President,CEO & Board Chairman
Henk J. Evenhuis Chairman
Brenton G.A. Hanlon Board of Directors
Ernest S. Tucker Board of Directors
Prithipal Singh Board of Directors
Richard J. Bastiani Board of Directors

Clinton H. Severson has served as the Company’s President, Chief Executive Officer and one of our directors since June 1996. He was appointed Chairman of the Board in May 1998. Since November 2006, Mr. Severson served on the Board of Directors of CytoCore, Inc. (OTCBB: CYCR). From February 1989 to May 1996, Mr. Severson served as President and Chief Executive Officer of MAST Immunosystems, Inc., a privately-held medical diagnostic company

Organization Position Status
Abaxis, Inc. President,CEO & Board Chairman Current
Cytocore Inc Chairman Current
Cytocore, Inc. Board of Directors Current
Mast Immunosystems Inc. Chief Executive Officer Former
Mast Immunosystems Inc. President Former
Abaxis, Inc. Director Former
Organization Position Status
Abaxis, Inc. CFO & Vice President, Finance Current
Abaxis, Inc. Interim Chief Financial Officer and Director Former
Lam Research Corporation Manager Former
Abaxis, Inc. Finance Manager Former
Organization Position Status
Abaxis, Inc. Chief Operations Officer Current
Cholestech Corporation Vice President, Operations Former
Abaxis, Inc. Vice President, Operations Former
Quidel Corporation Vice President, Ultrasound Operations Former
Bloomsburg University of Pennsylvania Bachelor of Science Degree In Business Administration Former
Organization Position Status
Abaxis, Inc. Chief Technology Officer Current
CardioGenesis Corporation Vice President of Research, Development and Engineering Former
Abaxis, Inc. Vice President of Research and Development Former
Organization Position Status
Abaxis, Inc. Vice President, Sales and Marketing Current
Cytyc Corporation Regional Business Director Former
Organization Position Status
Abaxis, Inc. Vice President, Sales Current
Organization Position Status
Abaxis, Inc. Vice President of Veterinary Sales and Marketing, for North America Current
Abaxis, Inc. Director, Natl Sales Former
Mast Immunosystems Inc. Regional Sales Manager Former

Vladimir E. Ostoich, Ph.D., one of our co-founders, is currently our Vice President of Government Affairs and Vice President of Marketing for the Pacific Rim. Dr. Ostoich has served as Vice President in various capacities at Abaxis since our inception, including as Vice President of Research and Development, Senior Vice President of Research and Development, Vice President of Engineering and Instrument Manufacturing and Vice President of Marketing and Sales for the United States and Canada.

Organization Position Status
Abaxis, Inc. Vice President of Govt Affairs & Pac Rim Current
Organization Position Status
Abaxis, Inc. European Sales and Marketing Director Current
Organization Position Status
Abaxis, Inc. Area Sales Director, West Current
Abaxis, Inc. Area Sales Manager, West Current
Organization Position Status
Abaxis, Inc. Area Sales Director, Mid, Atlantic & Ohio Valley Current
Abaxis, Inc. Area Sales Manager, Southeast Current
Organization Position Status
Abaxis, Inc. Area Director, Sales, East Current
Organization Position Status
Abaxis, Inc. Sales Director, Southeast Current
Organization Position Status
Abaxis, Inc. Area Director, Sales, West Current
Organization Position Status
Abaxis, Inc. Director, Business Dev Current
Abaxis, Inc. Board of Directors Current
Organization Position Status
Abaxis, Inc. Area Director, Sales, East Current
Organization Position Status
Abaxis, Inc. Area Sales Director, Central US Current
Abaxis, Inc. Board of Directors Current
Organization Position Status
Abaxis, Inc. Director, Sales, Piccolo Market Current
Abaxis, Inc. Director, Sales, Piccolo Market Former
Organization Position Status
Abaxis, Inc. Abaxis' Director of Marketing Current
Abaxis, Inc. Board of Directors Current
Organization Position Status
Abaxis, Inc. Director, Marketing, Piccolo Current
Abaxis, Inc. Director, Marketing, Piccolo Former
Organization Position Status
Abaxis, Inc. Director, Marketing, Veterinary Diagnostics Current
Abaxis, Inc. Board of Directors Current
Organization Position Status
Abaxis, Inc. European Sales and Marketing Manager Current
Organization Position Status
Abaxis, Inc. Area Sales Manager, Southeast Current
Organization Position Status
Abaxis, Inc. Area Sales Manager, Northeast Current
Organization Position Status
Abaxis, Inc. Area Sales Manager, South Central Current
Organization Position Status
Abaxis, Inc. Area Sales Manager, Mid, West Current
Organization Position Status
Abaxis, Inc. Abaxis Hematology Product Manager Current
Organization Position Status
Abaxis, Inc. Area Sales Manager, Southwest Current
Organization Position Status
Abaxis, Inc. Chairman Current
Abaxis, Inc. Board of Directors Current
Credence Systems Corp. Board of Directors Current
Fair Isaac Corporation Cfo Former
Lam Research Corporation Chief Financial Officer Former
Lam Research Corporation Executive Vice President Former

Brenton G. A. Hanlon joined our Board of Directors in November 1996. Since January 2001, Mr. Hanlon has been President and Chief Executive Officer of Hitachi Chemical Diagnostics, a manufacturer of in vitro allergy diagnostic products. Concurrently, from December 1996 until the present, Mr. Hanlon has served as President and Chief Operating Officer of Tri-Continent Scientific, a subsidiary of Hitachi Chemical. From 1989 to December 1996, Mr. Hanlon was Vice President and General Manager of Tri-Continent Scientific. Mr. Hanlon serves on the board of directors of two privately held companies.

Organization Position Status
Hitachi Chemical Diagnostics, Inc. Chief Executive Officer Current
Hitachi Chemical Diagnostics, Inc. President Current
Abaxis, Inc. Board of Directors Current
Organization Position Status
Scripps Clinic Chairman of Pathology Current
Abaxis, Inc. Board of Directors Current
California Pacific Medical Center Former
Pathology Inc. Chair Former
Organization Position Status
Abaxis, Inc. Board of Directors Current

Dr. Richard Bastiani, former Chairman of ID Biomedical, has an impressive track record in the life sciences industry with considerable operational expertise in developing and commercializing innovative technology, and building successful businesses. Dr. Bastiani has served on the board of Abaxis Inc, which specializes in point of care diagnostics, since September 1995. He is a director and co founder of DiscoverRx, which is focused on high throughput screening and proteomics products for pharmaceutical drug discovery. Previously, Dr. Bastiani was President of Dendreon, a biotechnology company developing cell based therapies for treatment of cancer, until September 1999. For approximately 25 years, Dr. Bastiani held a number of positions, including President, of Syva Company in Palo Alto, California.

Organization Position Status
Response Biomedical Corporation Chairman Current
Pathwork Diagnostics, Inc. Chairman Current
Satoris, Inc. Board Member Current
Abaxis, Inc. Board of Directors Current
Dendreon Corporation President Former
Id Biomedical Corp Chairman Former
Michigan State University PhD In Organic Chemistry Former
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     ABAX $19.48 -0.62 (-3.08% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 283,364
Shares Outstanding 21.98M
Market Cap 428.3M
Year High 24.61
Year Low 10.17
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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IndustryTop Rated

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