Biotechnology is a field of science that involves the use of living organisms, biological systems, or derivatives to develop or create products and technologies that improve human life and the environment. It encompasses a wide range of techniques and applications, including genetic engineering, molecular biology, cell culture, fermentation, and bioprocessing. Biotechnology is utilized in various industries, such as medicine, agriculture, food production, and environmental management. In medicine, for example, it is used to produce vaccines, therapeutics, and diagnostic tools. In agriculture, it can enhance crop resistance to pests and diseases or improve nutritional content. Overall, biotechnology aims to harness biological potential to solve problems and create innovations that benefit society.
BioNTech is transitioning from COVID-19 vaccine success to developing pioneering cancer therapies using mRNA technology. The company faces financial challenges, reporting a €700 million net loss in 2024, yet has…