The biotech industry comprises companies whose products aid humans by treating diseases with life-saving drugs and therapies as well as improving the yields of agricultural crops and generating sustainable chemicals and fuels. Bioinformatics also is a part of the industry, which is the study of biological processes and information. It can be utilized to a wide range of industries.
Biotech is a technology that has its roots in the 1970s when the technology of recombinant DNA (genetic engineering) was developed and patented. This technique lets scientists splice genes within production cells, which then begin to produce valuable protein molecules.
Today, many pharmaceutical companies have active target-discovery research programs that are heavily reliant on biotechnology. There are also small-scale startups that utilize unique proprietary techniques to develop therapeutic drugs.
Other biotechnology-related applications are being explored by companies focused on agro biology cosmetics, the environment, food technology industrial biotechnology and nutraceuticals and veterinary medicine. Fully integrated Pharma companies are large commercial companies that conduct research and develop generic or brand medicines.
Biotech is experiencing a revolution due to the development of new technologies. Companies can now validate their products against conditions that have understood mechanisms, such as sickle cell anemia, and reach more patients. Certain companies are working to create new treatments for diseases that haven’t been addressed, such as Duchenne muscle dystrophy.