Veterinary Hematology Analyzer displays results in 2 min.

Press Release Summary:



VetScan HM5 provides 22-parameter complete blood count and 4 cellular histograms for cat, dog, and horse. It also offers 3-part mode for 7 other species. For operation, this fully automated, 5-part differential cell counter requires operator to enter appropriate patient information, insert well-mixed blood sample, and press Start button. Device requires minimal maintenance and also offers capabilities for database management.



Original Press Release:



Abaxis Launches The VetScan(R) HM5 a State-of-the-Art 5-Part Differential Veterinary Hematology Analyzer



UNION CITY, Calif., Sept. 17 -- Abaxis, Inc. (NASDAQ:ABAX), a medical products company manufacturing point-of-care blood analysis systems for both the medical and veterinary markets, introduced today the VetScan HM5, a fully-automated 5-part differential cell counter specifically designed for veterinary applications. The VetScan HM5 provides a comprehensive 22-parameter complete blood count with cellular histograms in just minutes for cat, dog and horse, and offers a 3-part mode for seven other species.

The versatile VetScan HM5 incorporates superior performance, ease of use, offers true database management and minimal maintenance making it an attractive alternative for veterinary clinics, research laboratories, and pharmaceutical/biotech companies either using a commercial lab or in house hematology instruments. Other advantages over competitive in house instruments include a 20% lower operating cost, a 50% smaller sample size and 40% faster time to results.

"The VetScan HM5 provides veterinary practices the ability to arrive at more timely diagnoses and treatment plans that can improve patient outcomes and quality of life," said Larry Lem, Abaxis Hematology Product Manager. "With its well-documented accuracy, dependable reproducibility, ease of use and its significant cost savings as compared to the commercial lab, the VetScan HM5 will become an essential tool in improving the efficiency of veterinary practices across the globe.

The new VetScan HM5 requires seconds of hands-on time to perform complete blood count (CBC) measurements on 10 available species. The operator enters the appropriate patient information, inserts a well-mixed blood sample and presses the "start" button. In just two minutes, test results and four cellular histograms will be displayed, permitting the veterinarian to complete a routine annual check-up, and/or make a timely diagnosis and devise an appropriate treatment plan.

Martin Mulroy, Vice President Marketing and Sales for the Veterinary business added, "We have significantly ramped up both our field sales team and inside sales group in anticipation of this product release in order to better meet the expected demand. Abaxis now offers the marketplace a choice in hematology instruments, the VetScan HM2 and VetScan HM5, and is poised to compete on multiple levels. This product line extension will also allow for increased complete system placements, increasing demand and sales of the Abaxis VetScan VS2 chemistry, electrolytes and immunoassay system and the associated rotors."

About Abaxis, Inc.

Abaxis develops, manufactures and markets portable blood analysis systems for use in any veterinary or human patient-care setting to provide clinicians with rapid blood constituent measurements. The system consists of a compact, 5.1 kilogram (11.2 pounds), portable analyzer and a series of single-use plastic discs, called reagent discs that contain all the chemicals required to perform a panel of up to 13 tests on veterinary patients and 14 tests on human patients. The system can be operated with minimal training and performs multiple routine tests on whole blood, serum or plasma samples. The system provides test results in less than 12 minutes with the precision and accuracy equivalent to a clinical laboratory analyzer. The veterinary business also provides to the veterinarian and research market now a line of hematology instruments for point of care complete blood counts (CBC).

Contact:
Clint Severson
Chief Executive Officer
Abaxis, Inc.
510-675-6500

Lytham Partners, LLC
Joe Dorame, Robert Blum and Joe Diaz
602-889-9700

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