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 improve human life and the environment. It combines principles of biology, chemistry, and engineering to manipulate biological systems for specific applications. This can include processes such as genetic engineering, where DNA is altered to produce desired traits in organisms, fermentation technologies used in the production of foods and beverages, and the development of pharmaceuticals through the use of living cells. Biotechnology has applications across various sectors, including healthcare, agriculture, environmental science, and industrial processes, and plays a crucial role in advancements such as gene therapy, crop enhancement, and sustainable production methods.
BioNTech, known for its Covid-19 vaccine, faces declining profits as it shifts focus to cancer research using mRNA technology. The company's earnings and revenue decreased significantly in 2024, though they…