Biotechnology is a field of science that involves the use of living organisms, cells, and biological systems to develop products and technologies for various applications. It combines principles from biology, chemistry, genetics, and engineering to manipulate biological materials for purposes such as improving agricultural crops, developing pharmaceuticals, creating biofuels, and producing industrial enzymes. Biotechnology encompasses a wide range of techniques, including genetic engineering, molecular biology, and bioprocessing, enabling advancements in medicine, environmental protection, and sustainable development. It plays a crucial role in addressing challenges such as food security, disease management, and renewable energy production.
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…