Abaxis, now a part of Zoetis, 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. Currently, Abaxis covers more than 90% of the general chemistry tests normally used in medical and veterinary diagnostics.