The biotech industry encompasses companies whose products help humans by treating diseases with life-saving treatments and drugs as well as improving the yields of agricultural crops and creating sustainable chemicals and fuels. It also includes bioinformatics, which is the study of biological processes and information and can be applied to a variety of industries.
Biotech has its roots in the 1970s, when recombinant-DNA technology (genetic engineering) was developed and patent. This technique allows scientists to splice genes in production cells that eventually begin to produce valuable protein molecules.
Biotechnology is extensively used in the programs for target discovery of many pharmaceutical companies today. There are also small companies that employ unique techniques that are proprietary to create therapeutic drugs.
Other biotechnology applications are being pursued by companies that focus on agro biology cosmetics and the environment, food technology industrial biotechnology, nutraceuticals and food technology and veterinary medicine. Fully integrated Pharma companies are huge commercial companies that study and develop generic or brand drugs.
A myriad of new technologies are changing the biotech industry, making it possible for companies to test their strategies in conditions that are well-understood mechanisms (such as sickle cell disease) and reach much larger patient populations. Some business the secure direction with due diligence data room companies are even attempting to create novel treatments which address unaddressed illnesses, such as Duchenne muscular dystrophy, a fatal disease.