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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                                  May 22, 2006
                Date of Report (Date of Earliest Event Reported):

                                  ABAXIS, INC.
             (Exact name of registrant as specified in its charter)

           California                  000-19720               77-0213001
(State or other Jurisdiction of       (Commission           (I.R.S. Employer)
         Incorporation)               File Number)         Identification No.)

                                3240 Whipple Road
                              Union City, CA 94587
          (Address of principal executive offices, including zip code)

                                 (510) 675-6500
              (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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ITEM 8.01 OTHER EVENTS.

         On May 22, 2006, Abaxis, Inc., announced today that Henry Schein, Inc.
and Abaxis have agreed to terminate its veterinary products distribution
agreement. A copy of the press release is attached hereto as Exhibit 99.1.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

      (d) EXHIBITS.

      The following exhibit is furnished with this report on Form 8-K:

      EXHIBIT NO.   DESCRIPTION
      -----------   ------------------------------------------------------------
      99.1          Press release dated May 22, 2006

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                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: May 22, 2006

                                        ABAXIS, INC.


                                        By:  /s/ Alberto Santa Ines
                                             -----------------------------------
                                             Alberto Santa Ines
                                             Vice President, Finance and
                                             Chief Financial Officer

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