{"id":3561,"date":"2018-08-01T12:20:45","date_gmt":"2018-08-01T19:20:45","guid":{"rendered":"https:\/\/todaysveterinarybusiness.com\/?p=3561"},"modified":"2022-03-09T18:28:36","modified_gmt":"2022-03-09T18:28:36","slug":"zoetis-concludes-2-billion-acquisition-of-abaxis","status":"publish","type":"post","link":"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/zoetis-concludes-2-billion-acquisition-of-abaxis\/","title":{"rendered":"Zoetis concludes $2 billion acquisition of Abaxis"},"content":{"rendered":"

Zoetis Inc. has completed its $2 billion takeover of diagnostic equipment maker Abaxis Inc., the companies announced July 31.<\/p>\n

The acquisition<\/a> helps Zoetis, the world\u2019s largest veterinary drug and vaccine maker, to expand other product lines.<\/p>\n

\u201cAbaxis, with its VetScan family of diagnostic instruments, brings Zoetis experienced colleagues and a proven, competitive platform for growth in diagnostics,\u201d said Zoetis CEO Juan Ram\u00f3n Alaix. \u201cBy leveraging our global scale and direct customer relationships in approximately 45 countries, we can help Abaxis accelerate that growth in the U.S. and worldwide. Together, we can bring more veterinarian customers comprehensive solutions to predict, prevent, detect and treat disease in animals.\u201d<\/p>\n

Abaxis<\/a>, founded in 1989 and headquartered in Union City, California, reported sales of $244.7 million in the fiscal year ending March 31, 2018.<\/p>\n

Parsippany, New Jersey-based Zoetis set a revenue record of $5.3 billion in 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

The deal will speed Zoetis growth in the diagnostics arena, its CEO says.<\/p>\n","protected":false},"author":45,"featured_media":2959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[90],"tags":[],"class_list":["post-3561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-online","column-news","clinical_topics-news"],"acf":{"hide_sidebar":false,"hide_sidebar_ad":false,"hide_all_ads":false},"yoast_head":"\nZoetis concludes $2 billion acquisition of Abaxis | Today's Veterinary Business<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zoetis concludes $2 billion acquisition of Abaxis\" \/>\n<meta property=\"og:description\" content=\"The deal will speed Zoetis growth in the diagnostics arena, its CEO says.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/zoetis-concludes-2-billion-acquisition-of-abaxis\/\" \/>\n<meta property=\"og:site_name\" content=\"Today's Veterinary Business\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/todaysveterinarybusiness\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-01T19:20:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-09T18:28:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/wp-content\/uploads\/sites\/2\/2018\/05\/Zoetis-Abaxis-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"437\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Louise S. Dunn\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@tvbpublication\" \/>\n<meta name=\"twitter:site\" content=\"@tvbpublication\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Louise S. Dunn\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/navc.sitepreview.app\\\/todaysveterinarybusiness.com\\\/zoetis-concludes-2-billion-acquisition-of-abaxis\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/navc.sitepreview.app\\\/todaysveterinarybusiness.com\\\/zoetis-concludes-2-billion-acquisition-of-abaxis\\\/\"},\"author\":{\"name\":\"Louise S. 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