The Biotech Industry

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

Biotech’s beginnings date back to the early 1970s when the recombinant DNA technology (genetic engineering) was developed and patentable. This technique lets scientists splice genes into production cells that then begin producing proteins that are valuable.

Today, a majority of pharmaceutical companies have active target discovery research programs that are heavily reliant on biotechnology. Small companies are also present in the field that employ exclusive methods to create new therapeutic drugs.

Companies that specialize in agrobiology, cosmetics, the environment, food technology, nutraceuticals and industrial biotechnology, as well veterinary medicine, are also looking at other biotechnology applications. Fully integrated Pharma companies are large commercial enterprises that research and produce, as well as sell generic or brand-name medicines.

A variety of new technologies are transforming the biotech industry, making it possible for companies to test their strategies in conditions that are established mechanisms (such as sickle cell disease) and reach much larger patient populations. Some companies are even attempting to create novel treatments that target untreated diseases, like Duchenne muscular dystrophy, which is a fatal disease.