Biotechnology is a broad field of science that involves the use of living organisms, biological systems, or derivatives thereof to develop or create products and technologies that benefit society. It combines principles from biology, chemistry, genetics, and engineering to manipulate biological components for various applications. These applications can include the development of pharmaceuticals, agricultural improvements, environmental solutions, and industrial processes. Biotechnological processes often involve techniques such as genetic modification, cell culture, biomolecular engineering, and fermentation. Biotechnology is integral to advancements in medicine (such as vaccines and gene therapy), agriculture (such as genetically modified crops), and environmental sustainability (such as bioremediation and biofuels). The goal of biotechnology is to harness biological systems to enhance human health, increase food production, and contribute to ecological conservation.
BioNTech is transitioning from COVID-19 vaccines to focusing on cancer therapies using mRNA platforms. The company reported a significant earnings decline in 2024, with profits falling but exceeding market expectations.…