The Biotech Industry

The biotech industry encompasses companies whose products help humans by treating illnesses with life-saving drugs and therapies in addition to improving the yields of crops and producing eco-friendly chemicals and fuels. It also includes bioinformatics, which is the study of biological information and processes and can be applied to a variety of industries.

Biotech has its roots in the early 1970s, when the recombinant-DNA technology (genetic engineering) was developed and patent. This technique lets scientists splice genes in cells that later begin to create useful protein molecules.

Today, a majority of pharmaceutical companies are involved in target-discovery research programs that heavily rely on biotechnology. There are also small-scale startups that utilize unique methods to create therapeutic drugs.

Companies that concentrate on agrobiology cosmetics, environmental, food technology, nutraceuticals and industrial biotechnology, in addition to veterinary medicine, are pursuing other biotechnology applications. Fully integrated Pharma companies are massive commercial enterprises that research create, manufacture and sell generic or brand name drugs and medicines.

New technologies are transforming the biotech industry, making it possible for companies to validate their solutions with respect to conditions that are understood mechanisms (such as sickle cell disease) and reach much larger patient populations. Some companies are even attempting to design novel therapies which address unaddressed illnesses, like Duchenne muscular dystrophy, which is an incurable disease.

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