The Biotech Industry

The biotech industry includes companies whose products aid humans by treating diseases with life-saving medicines and therapies in addition to improving the yields of crops and producing green fuels and chemicals. It also encompasses bioinformatics, which is the study of biological information and processes and can be applied to various industries.

Biotech is a technology that has its roots in the 1970s when the recombinant-DNA technology (genetic engineering) was invented and then patentable. This technique lets scientists splice genes in production cells that then begin to produce valuable protein molecules.

Biotechnology is heavily used in the programs for target discovery at most pharmaceutical companies today. Small companies are also present in the field that employ proprietary methods to develop new therapeutic drugs.

Companies that concentrate on agrobiology cosmetics, the environmental food technology nutraceuticals, industrial biotechnology, in addition to veterinary medicine, are seeking other biotechnology-related applications. Fully integrated Pharma companies are large commercial companies that conduct research and produce branded or generic drugs.

Biotech is going through a transformation due to new technologies. Companies are now able to validate their products for conditions that have known mechanisms, like sickle cell anemia, and can reach greater patient populations. Some companies are trying to develop novel therapies for diseases that have not been addressed, such as Duchenne muscle dystrophy.