Item 1.01 Entry into a Material Definitive Agreement.

On September 24, 2012, Abaxis, Inc. ("Abaxis") and Cepheid ("Cepheid") entered into an agreement (the "Settlement Agreement") resolving the patent infringement case brought by Abaxis in 2010, which included related claims and counterclaims. As part of the Settlement Agreement, Cepheid will pay Abaxis $17.25 million, all claims asserted against Cepheid in the pending litigation have been dismissed and all counterclaims asserted against Abaxis in the pending litigation, including invalidity claims with respect to Abaxis patents, have been dismissed.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Description

99.1 Press Release, dated September 26, 2012, entitled "Abaxis Announces Settlement of Patent Litigation with Cepheid"

---