ITHACA, N.Y.--(BUSINESS WIRE)--Rheonix, Inc., a developer of fully automated molecular testing solutions, recently spoke at Beijing University of Chemical Technology, School of Information and Technology. Dr. Zongyuan Chen, senior research engineer at Rheonix, lectured on the in vitro diagnostics (IVD) market to an audience of 70 graduate students and faculty members and provided an in-depth look at Rheonix’s breakthrough platform, the EncompassMDxTM. According to IVD Technology magazine, the U.S. IVD market is predicted to exceed $9.5 billion by 2017. China’s IVD market is currently more than $4.5 billion and doubles every three years. Forecasts suggest that it will become the world’s largest IVD market within the next 10 to 15 years.
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