Biotech companies manufacture products that benefit people, including drugs and therapies that can save lives, enhance agricultural yields, and produce green fuels and chemicals. It also encompasses bioinformatics, which is the study of biological information and processes and can be applied to a variety of industries.
Biotech’s roots go back to the 1970s in the beginning when the technology of recombinant DNA (genetic engineering) was developed and patentable. This technique allows scientists to splice genes in production cells which later begin to create useful protein molecules.
Biotechnology is widely used in the programs for target discovery at most pharmaceutical companies today. Small companies also exist in the industry that use proprietary techniques to develop new therapeutic drugs.
Other biotechnology applications are being studied by companies focusing on agrobiology, cosmetics and the environment, food technology industrial biotechnology, nutraceuticals and food technology, as well as vet medicine. Fully integrated Pharma companies are huge commercial companies that conduct research and produce branded or generic drugs.
Biotech is going through a transformation as a result of new technologies. Companies are now able to test their products for conditions that have known mechanisms, like sickle cell anemia, and can reach more patients. Some companies are trying to https://biotechworldwide.net/typology-of-biotechnology-by-color-development-prospects-of-each-type develop new treatments for conditions that haven’t been treated, like Duchenne muscle dystrophy.