Biotechnology is a field of science that employs biological processes, organisms, or systems to develop products and technologies that improve the quality of life and health. It combines principles from biology, chemistry, physics, engineering, and computer science to manipulate living organisms or their components to create or modify products. Applications of biotechnology span various sectors, including healthcare (such as the development of vaccines and gene therapy), agriculture (like genetically modified organisms for improved crop yields), and environmental management (including bioremediation techniques to clean up pollutants). Biotechnology harnesses the capabilities of microorganisms, plants, and animals to innovate solutions for challenges in food production, medicine, and environmental sustainability. The field is characterized by its interdisciplinary approach and ongoing advancements that propel developments in genetic engineering, molecular biology, and synthetic biology.
Despite declining pandemic-driven demand, BioNTech reported an EPS of €1.08, surpassing analyst expectations. The company transitions from COVID-19 vaccine manufacturing to pioneering oncology solutions, aiming to launch its first cancer…