The biotech industry comprises companies whose products benefit humans by treating illnesses with life-saving medicines and therapies increasing yields on agricultural land and generating eco-friendly chemicals and fuels. Bioinformatics is also included as the study of biological processes and information. It can be applied in many different industries.
Biotech’s roots go back to the 1970s in the beginning when the recombinant DNA technology (genetic engineering) was invented and patent-protected. This technique lets scientists splice genes in cells that will then begin to produce important protein molecules.
Today, the majority of pharmaceutical companies have active target discovery research programs that heavily rely on biotechnology. Small companies are also present in the field that employ proprietary methods to develop new therapeutic these details drugs.
Companies that specialize in agrobiology, cosmetics, the environmental, food technology nutraceuticals, industrial biotechnology, along with veterinarian medicine, are exploring other biotechnology applications. Fully integrated Pharma companies are large commercial enterprises that study create, manufacture and sell generic or brand-name drugs and medicines.
A variety of new technologies are changing the biotech industry, making it possible for companies to validate their solutions with respect to conditions that are understood mechanisms (such as sickle cell disease) and to reach a wider patient populations. Some companies are trying to develop new treatments for conditions that haven’t been treated, like Duchenne muscle dystrophy.