Biotechnology is a field of science that involves the use of living organisms, cells, and biological systems to develop products and technologies that enhance human life and the environment. It encompasses a variety of techniques and processes, such as genetic engineering, cell culture, and molecular biology, to manipulate biological systems for practical purposes. Biotechnology is applied in numerous sectors, including healthcare (for the development of vaccines and therapies), agriculture (for creating genetically modified crops with improved traits), environmental management (such as bioremediation to clean polluted environments), and industrial processes (for producing biofuels and biodegradable materials). The goal of biotechnology is to innovate and improve processes and products by harnessing biological capabilities, leading to advancements in medicine, agriculture, and sustainability.
BioNTech is pivoting from COVID-19 vaccines to innovative cancer treatments, leveraging mRNA technology to enhance immune system responses against cancer cells, with a target for market approval by 2026. Financial…