Biotechnology companies research, develop, and produce a wide variety of commercial products that often use the processes of living organisms as they manufacture products. Investopedia (2019) points out that the identification and sourcing of DNA have helped the biotech industry make significant accomplishments and breakthroughs. In recent years, computer technology companies have also accompanied the rise in biotechnology startups. The aim of most is to use biotechnology processes is to create breakthrough pharmaceuticals require data analytics, the science of evaluating raw data.
Regarding intellectual property, in the businesses of biotech and pharmaceuticals, pharmaceuticals generally hold exclusive patent rights to manufacture and distribute their drugs for five years whereas biotech can get patent protection for 12 years. The process to develop a new drug may take up to 15 years to complete. Pharmaceutical companies and biotech companies have worked together in many ways.
What are biotechnology and human health alliances?
Biotechnology health involves the use of living organisms, or parts of living organisms, to provide new methods of production and make new products.
A few examples, such as:
|Red||Health, Medical, Diagnostics|
|Yellow||Food Biotechnology, Nutrition Science|
|Blue||Blue Aquaculture, Coastal and Marine Biotech|
|Green||Agricultural, Environmental Biotechnology – Biofuels, Biofertilizers, Bioremediation, Geomicrobiology|
|Brown||Arid Zone and Desert Biotechnology|
|Dark||Bioterrorism, Biowarfare, Biocrimes, Anticrop warfare|
|Purple||Patents, Publications, Inventions, IPRs|
|Grey||Classical Fermentation and Bioprocess Technology|
DaSilva, E. J. (2004). The colours of biotechnology: science, development and humankind. Electronic journal of biotechnology, 7(3), 01-02.
Kück, U., & Dinkel, N. F. (2015). Biotechnology. Berlin, Germany: De Gruyter.