The biotech industry includes companies whose products help humans by treating diseases with life-saving drugs and therapies increasing yields on agricultural land and generating environmentally friendly chemicals and fuels. Bioinformatics is another area which is the study of biological processes and information and can be applied to many different industries.
Biotech began in the 1970s, when the technology of recombinant DNA (genetic engineering) was developed and patented. This technique lets scientists splice genes into production cells which then begin to produce valuable protein molecules.
Biotechnology is heavily used in the target-discovery programs of a majority of pharmaceutical companies today. Small companies https://biotechworldwide.net/the-role-of-biotechnology-in-the-modern-world/ also exist in the field of biotechnology that employ exclusive techniques to develop new therapeutic drugs.
Companies that concentrate on agrobiology cosmetics, environmental and food industry, nutraceuticals and industrial biotechnology, as well veterinary medicine, are seeking other biotechnology-related applications. Fully integrated Pharma companies are large commercial enterprises that conduct research and develop generic or brand drugs.
New technologies are transforming the biotech industry, allowing for companies to test their strategies in conditions that have well-understood mechanisms (such as sickle cell disease) and reach larger patients. Some companies are trying to create new treatments for diseases that haven’t been addressed, such as Duchenne muscle dystrophy.
