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Abaxis Enters Into Definitive Agreement To Deliver 300 Piccolo Xpress Instruments For A Four-Year Drug Clinical Trial
Date:6/28/2012

UNION CITY, Calif., June 28, 2012 /PRNewswire/ -- Abaxis, Inc. (NasdaqGS: ABAX), a company manufacturing point of care instrumentation and consumables for the medical, veterinary, and research markets, announced today that a leading international medical supplies sourcing and support company has entered into a definitive agreement with Abaxis to purchase up to 300 CLIA waived Piccolo Xpress Chemistry Analyzers. The Piccolo Xpress instruments will be deployed by a leading international biotechnology company in the course of conducting a four-year worldwide drug clinical trial. Initial orders for the Piccolo Xpress instruments have been received, and Abaxis expects to ship the full complement of the 300 instruments by the end of the year.

Clint Severson, chairman and CEO of Abaxis, commented, "We have been working closely with leading clinical research organizations (CROs) and pharmaceutical companies to incorporate real-time testing into clinical trials and we are pleased to have received our first orders. An important consideration in drug clinical trials is the impact on liver and renal function in trial participants. The Piccolo Xpress is the ideal point-of-care instrument to monitor real time liver and renal function to insure patient safety and accurate analysis of the efficacy of the drug compound being studied. We are pleased to have entered into this important new market."

Matt Rapp, Abaxis Sales Director, said, "We believe the 'real-time' diagnostic test information provided by the Piccolo Xpress may help reduce the cost of drug studies, as well as reduce the time to market for new pharmaceuticals. In particular, we believe that real-time liver and renal function information during the trial could improve patient safety, comfort and convenience, while reducing the time and cost associated with shipping patient samples to off-site reference laboratories."

Rick Betts, Director of US Medical Marketing, added, "Abaxis has actively be
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SOURCE Abaxis, Inc.
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