Biotech companies produce products that benefit human beings, including drugs and treatments that can save lives, increase agricultural yields, and produce eco-friendly chemicals and fuels. Bioinformatics also is a part of the industry as the study of biological processes and information. It is utilized in a variety of fields.
Biotech has its roots in the 1970s, when the technology of recombinant-DNA (genetic engineering) was invented and later patentable. This technique allows scientists splice genes in production cells that then begin to produce valuable protein molecules.
Today, most pharmaceutical companies have active target-discovery research programs that heavily rely on biotechnology. Smaller companies are also in the field that employ exclusive methods to create new therapeutic drugs.
Companies that focus on agrobiology, cosmetics, the environment, food technology, nutraceuticals and industrial biotechnology, along with veterinarian medicine, are pursuing other biotechnology applications. Fully integrated Pharma companies are massive commercial companies that study and develop generic or brand name drugs.
Biotech is undergoing a transformation because of the advancement of technologies. Companies are now able to test their systems for conditions that have well-understood mechanisms, such as sickle cell anemia, and reach greater patient populations. Some companies are trying to develop new treatments for diseases that have not been addressed, such as Duchenne muscle dystrophy.
https://biotechworldwide.net/achieving-goals-within-the-industry