The biotech sector includes companies whose products benefit people by treating diseases with life-saving medicines and therapies as well as improving the yields of agricultural crops and creating eco-friendly chemicals and fuels. Bioinformatics also is a part of the industry as the study of biological processes and information. It is a field that can be used in a variety of fields.

Biotech’s roots go back to the early 1970s when the technology of recombinant DNA (genetic engineering) was invented and patent-protected. This technique lets scientists splice genes in production cells which then begin to produce useful protein molecules.

Today, many pharmaceutical companies have active target discovery research programs that are heavily reliant on biotechnology. Smaller companies are also in the industry that use exclusive methods to create new therapeutic drugs.

Companies that specialize in agrobiology, cosmetics, the environmental food technology nutraceuticals, industrial biotechnology, along with veterinary medicine, are exploring other biotechnology applications. Fully integrated Pharma companies are large commercial companies that study and develop generic or brand medicines.

Biotech is undergoing a transformation as a result of new technologies. Companies are now able to test their systems for conditions that have understood mechanisms, such as sickle cell anemia, and can reach greater patient populations. Some companies are even trying to design novel therapies that target untreated diseases, like Duchenne muscular dystrophy, which is an incurable disease.