Global Industry Overview: Biotechnology
Biotechnology firms harness living organisms and biological components at the molecular, subcellular, and cellular levels to create marketable products. Products include bacterial and viral vaccines; serums, plasmas, and various microbiological substances; and genetically engineered plants and animals. The industry also encompasses firms that perform related research services, such as genetic coding and forensic testing. Biotechnology is closely aligned with the pharmaceutical segment within the broader chemical industry. More information about the broader drug industry is provided under the heading Pharmaceuticals.
Industry Snapshot
After enduring difficult times during the early 2000s, when industry players struggled...