Biotechnology, Pharmaceuticals & Genetics Industry Market Research

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Biotechnology, Pharmaceuticals & Genetics OVERVIEW

       Biotechnology can be defined as the use of living organisms (such as bacteria), biological processes or biological systems to create a desired end-result or end-product.
     Primary markets for biotechnology include:  1) Agriculture, where genetically-modified seeds are now in wide use in many nations.
     These seeds deliver plants that have can much higher crop yields per acre, and often have qualities such as disease-resistance, resistance to herbicides and drought-resistance.
     2) The manufacture of enzymes, including enzymes used in food processing (such as the making of certain dairy products) and in converting organic matter into ethanol for fuel.
     3) Pharmaceuticals, where biotechnology creates such therapies as antibodies, interleukins and vaccines based on living organisms (as opposed to the chemical compounds that make up traditional drugs) that can target specific cellular conditions, often with dramatic results (such as the drug Keytruda that famously fought brain cancer for former U.S.
    President Jimmy Carter).
     Biotechnology is a modern word that describes a very old science.
     For example, bio-enzymes have always been essential in the production of cheese.
     The modern difference is that much of the world's cheese production today utilizes a bio-engineered version of an enzyme called microbial chymosin.
     This chymosin is made by cloning natural genes into useful bacteria.
     Another example:  For thousands of years, mankind has used naturally-occurring microbes to convert fruit juices into wine.
     Plunkett Research estimates that combined biotech revenues for publicly-held


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