The biotech industry encompasses companies whose products benefit humans by treating illnesses by providing life-saving medications and therapies increasing yields on agricultural land and generating sustainable chemicals and fuels. Bioinformatics is another area as the study of biological processes and data. It can be utilized in a variety of industries.
Biotech’s beginnings date back to the 1970s in the beginning when the technology of recombinant DNA (genetic engineering) was invented and patent-protected. This technique lets scientists splice genes within production cells, which then begin to produce important protein molecules.
Today, a majority of pharmaceutical companies are involved in target-discovery research programs that heavily rely on biotechnology. The industry also includes small-scale startups that utilize unique proprietary techniques to develop therapeutic drugs.
Companies that focus on agrobiology, cosmetics, environmental food technology nutraceuticals, industrial biotechnology, in addition to veterinary medicine, are looking at other biotechnology applications. Fully integrated Pharma companies are large commercial enterprises that conduct research and develop generic or brand name medicines.
Many new technologies are changing the biotech industry, allowing for companies to validate their products in conditions that are well-understood mechanisms (such as sickle cell disease) and reach much larger patient populations. Some companies are even attempting to develop new therapies that address unaddressed diseases, like Duchenne muscular dystrophy, which is a terminal illness.
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