ABAXIS Announces Resignation of Frank Maguire, Vice President of Operations
BusinessWire, Wednesday, December 24, 1997 at 09:18
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 24, 1997--ABAXIS Inc.
(NASDAQ:ABAX), a medical products company manufacturing point-of-care
blood analysis systems, Wednesday announced the resignation of Frank
Maguire as vice president of operations.
Maguire had recently joined ABAXIS on Nov. 7, 1997.
Clint Severson, president and chief executive officer, commented:
"We regret Frank Maguire will be leaving us so soon, but family
considerations have precluded a permanent relocation to California.
Frank has contributed to our operations during the past 45 days, and
we wish him well.
"The interim eight-person team, led by myself, and including
senior representatives from Production, Manufacturing, Engineering,
Materials, Quality Control, Process Development and Finance, which
was formed in early October, remains intact.
"The team will continue its oversight of day-to-day manufacturing
operations and continue to focus on optimizing our manufacturing
processes while ABAXIS resumes its search for an appropriate
candidate whose expertise can see us through the challenges we will
face during our expansion over the next 12 months and beyond."
Founded in 1989, ABAXIS develops, manufactures and markets
portable blood analysis systems for use in any patient care setting
to provide clinicians with rapid blood constituent measurements. The
system consists of a compact, 6.9 kilogram, portable analyzer and a
series of 8 cm diameter single-use plastic disks, called reagent
discs, which contain all the reagents necessary to perform a fixed
menu of tests.
The system can be operated with minimal training and perform
multiple routine tests on whole blood using either venous or
fingerstick samples. The system provides test results in less than
15 minutes with the precision and accuracy equivalent to a clinical
laboratory.
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