Biotechnology refers to the use of living organisms, cells, or biological systems to develop products or technologies that improve human life and the environment. It encompasses a wide range of techniques and applications, including genetic engineering, molecular biology, and bioprocessing. Biotechnology is used in various fields such as medicine, agriculture, and environmental science. In medicine, it helps in the development of vaccines, therapeutics, and diagnostic tools. In agriculture, it enables the creation of genetically modified organisms (GMOs) that have enhanced traits such as pest resistance or improved nutritional value. In environmental applications, biotechnology can be used for bioremediation, which is the process of using microbes to clean up contaminated environments. Overall, biotechnology merges biology with technology to innovate and solve challenges through biological processes and systems.
BioNTech transitions from COVID-19 vaccine success to focus on mRNA-based cancer therapies, facing challenges and opportunities. Financial performance reveals a downturn, with quarterly earnings and revenue experiencing notable declines but…