The Biotech Industry

Biotech companies produce products that benefit humans, such as drugs and therapies that may save lives, increase the yield of agricultural crops, and also produce eco-friendly chemicals and fuels. It also includes bioinformatics, which is the study of biological information and processes and can be applied to many different industries.

Biotech began in the early 1970s, when the technology of recombinant-DNA (genetic engineering) was invented and later patentable. This technique enables scientists to create production cells which then begin producing important protein molecules.

Biotechnology is heavily used in the target-discovery programs of a majority of pharmaceutical companies today. Small companies are also present in the pharmaceutical industry that utilize exclusive techniques to develop new therapeutic drugs.

Other biotechnology-related applications are being explored by companies focused on agrobiology cosmetics and the environment, food technology, industrial biotechnology and nutraceuticals and veterinary medicine. Fully integrated Pharma companies are huge commercial companies that conduct research and produce branded or generic medicines.

A variety of new technologies are changing the biotech industry, making it possible for companies to test their platforms with respect to conditions that are well-understood mechanisms (such as sickle cell disease) and reaches a larger patients. Some companies are even attempting to create novel treatments that address untreated diseases like Duchenne muscular dystrophy, a fatal disease.

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