Corporate Banner
Satellite Banner
Automation & Microfluidics
Scientific Community
Become a Member | Sign in
Home>News>This Article

Abaxis Makes $2.8 Million Equity Investment in Scandinavian Micro Biodevices APS

Published: Friday, March 04, 2011
Last Updated: Friday, March 04, 2011
Bookmark and Share
SMB has been the original equipment manufacturer of the Abaxis VetScan VSpro point-of-care specialty analyzer.

Abaxis, Inc., a medical products company manufacturing point-of-care blood analysis instruments for the medical, research and veterinary markets, has announced a $2.8 million equity investment in Scandinavian Micro Biodevices APS, ("SMB"), a privately-held developer and manufacturer of point-of-care diagnostic products for veterinary use.

SMB, based in Copenhagen, Denmark, has been the original equipment manufacturer of the Abaxis VetScan VSpro point-of-care specialty analyzer since 2008. The VSpro assists in the diagnosis and evaluation of suspected bleeding disorders and is used routinely prior to surgery. Additionally, the instrument now provides automated equine fibrinogen testing, an assay used to measure and monitor inflammation in horses.

Abaxis has had exclusive distribution rights for the analyzer and associated cartridges in North America since 2008. Starting in 2011 Abaxis will have non-exclusive rights in other areas of the world.

"Abaxis is very pleased to work with SMB's talented management and operations team," commented Clint Severson, Chief Executive Officer and President of Abaxis, Inc. "We believe that SMB offers innovative diagnostic solutions in veterinary medicine. The investment in SMB will benefit both companies in serving the animal health marketplace. We look forward to a mutually beneficial collaboration."

Vladimir Ostoich, Vice President of Sales and Marketing for the Pacific Rim and a co-founder of Abaxis, will become a member of the Board of Directors of SMB. "SMB is well positioned for worldwide growth in the veterinary diagnostics market with its proprietary micro fluidic technology," said Mr. Ostoich. "The enhanced partnership further aligns Abaxis' goals with those of SMB and offers the opportunity to further expand the penetration of the VetScan VSpro analyzer internationally."

"The VetScan VSpro has greatly complemented our VetScan products in the past two years. Looking ahead, there is much more the two companies can do together to advance our mutual interests. The synergies are clear and compelling," added Martin Mulroy, Vice President Sales and Marketing for North American Animal Health.

SMB's Chief Executive Officer, Ole Kring, commented, "We are pleased that Abaxis has made this strategic investment in SMB and we look forward to a continued strengthening of our working relationship. At the same time we are extending and expanding our OEM (original equipment manufacturer) agreement which provides SMB, with its unique "lab-on-a-chip" technology, access to many new customers through Abaxis' strong sales and marketing channels."

Further Information

Join For Free

Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 3,500+ scientific posters on ePosters
  • More than 5,100+ scientific videos on LabTube
  • 35 community eNewsletters

Sign In

Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.

Scientific News
Point of Care Diagnostics - A Cautious Revolution
Advances in molecular biology, coupled with the miniaturization and improved sensitivity of assays and devices in general, have enabled a new wave of point-of-care (POC) or “bedside” diagnostics.
Size Matters for Particles in Bloodstream
Research uncovers more information about how particles behave in the human bloodstream.
3D-Printing in Science: Conference Co-Staged with LABVOLUTION
LABVOLUTION 2017 will have an added highlight of a simultaneous conference, "3D-Printing in Science".
Analytical Science Breakthrough Could Lead To Medical Revolution
A breakthrough in analytical science s could allow pharmaceutical research to be faster and more precise.
Lab-on-a-Chip Detects Effects of Poison
A fast and efficient mixer has been developed for testing the effect of toxic substances faster by using a new lab-on-a-chip.
Analysing 10,000 Cells Simultaneously
New techniquethat traps 10,000 cells on a single chip has potential for cancer screening for individuals.
Puttng Cells Through Their Paces
An obstacle course for human lung cells could be the answer for better testing the effectiveness of potential new drugs.
Dolomite Bio’s Single Cell RNA-Seq System Enables High Speed Encapsulation
Dolomite Bio has developed the Single-Cell RNA-Seq System for efficient, high throughput single cell transcriptomics.
NASA's DNA Sequencing in Space is a Success
DNA has been sequenced in space for the first time ever for the Biomolecule Sequencer investigation, using the MinION sequencing device.
Lab-on-a-Stick: Miniaturised Clinical Testing For Fast Detection Of Antibiotic Resistance
A portable power-free test for the rapid detection of bacterial resistance to antibiotics has been developed by academics at Loughborough University and the University of Reading.
Scroll Up
Scroll Down
Skyscraper Banner

SELECTBIO Market Reports
Go to LabTube
Go to eposters
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
3,500+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
5,100+ scientific videos