The biotech sector includes companies whose products benefit humans by treating illnesses with life-saving medicines and therapies increasing yields on agricultural land and generating sustainable chemicals and fuels. It also includes bioinformatics, which is the study of biological information and processes and can be applied to various industries.
Biotech’s roots go back to the 1970s in the beginning when the recombinant DNA technology (genetic engineering) was developed and later patented. This technique allows scientists to create cells that splice genes which then begin producing important protein molecules.
Biotechnology is heavily used in the target-discovery programs of a majority of pharmaceutical companies today. There are also small upstarts that employ exclusive techniques to create therapeutic drugs.
Other biotechnology applications are being studied by companies that focus on agro biology, cosmetics and food technology, industrial biotechnology and nutraceuticals and veterinarian medicine. Fully integrated Pharma companies are massive commercial https://biotechworldwide.net/typology-of-biotechnology-by-color-development-prospects-of-each-type/ companies that research create, manufacture and sell generic or brand-name medicines.
Many new technologies are changing the biotech industry, allowing for companies to validate their products for conditions that are well-understood mechanisms (such as sickle cell disease) and reaches a larger patient populations. Some companies are trying to develop new treatments for diseases that have not been treated, like Duchenne muscle dystrophy.