Biotech companies produce products that are beneficial to humans, such as https://biotechworldwide.net/the-role-of-biotechnology-in-the-modern-world/ drugs and treatments that can save lives, enhance agricultural yields, and produce environmentally friendly chemicals and fuels. It also encompasses bioinformatics, which involves the study of biological processes and information and can be applied to a variety of industries.
Biotech’s roots go back to the early 1970s when the recombinant DNA technology (genetic engineering) was developed and later patented. This technique allows scientists to splice genes into production cells which then begin to produce useful protein molecules.
Biotechnology is a major component of the target-discovery programs of a majority of pharmaceutical companies today. The industry also includes small companies that employ unique techniques that are proprietary to create therapeutic drugs.
Companies focusing on agrobiology, cosmetics, environmental food technology, nutraceuticals and industrial biotechnology, along with veterinarian medicine, are pursuing other biotechnology applications. Fully integrated Pharma companies are large commercial companies that study and produce, as well as sell generic or brand-name medicines.
A myriad of new technologies are revolutionizing the biotech industry, making it possible for companies to test their solutions for conditions that are understood mechanisms (such as sickle cell disease) and reach larger patients. Some companies are trying to come up with new therapies for diseases that haven’t been treated, like Duchenne muscle dystrophy.