Biotechnology is a field of science that involves the use of living organisms, biological systems, or derivatives thereof to develop or create products and technologies that can improve human life and health, enhance agricultural productivity, and develop sustainable solutions for environmental issues. It encompasses a wide range of techniques and applications, including genetic engineering, molecular biology, cell culture, and bioprocessing.
Biotechnology can be classified into several categories, such as medical biotechnology, which focuses on the development of medical therapies and diagnostics; agricultural biotechnology, which involves modifying crops for better yield, pest resistance, and nutritional value; and environmental biotechnology, which aims to solve environmental problems through biological processes, such as bioremediation.
The fundamental principle behind biotechnology is the manipulation of biological materials at the molecular level to harness their capabilities for various applications, leading to innovations in health care, food production, and environmental conservation.
BioNTech, known for its COVID-19 vaccine, is transitioning toward cancer therapy development. Fourth-quarter 2024 earnings fell to €1.08 per share but surpassed market expectations despite declining revenue. Annual results show…