Biotechnology is a field of science that involves the use of living organisms, cells, and biological systems to develop products and technologies for various applications. It combines principles from biology, chemistry, genetics, and engineering to manipulate biological materials to improve processes and develop innovations in areas such as medicine, agriculture, environmental science, and industry. Biotechnology encompasses a range of techniques, including genetic engineering, cell culture, and molecular biology, to produce biopharmaceuticals, genetically modified organisms (GMOs), and bioprocessing solutions. It aims to enhance the quality of life, increase crop yields, produce sustainable resources, and develop treatments for diseases.
BioNTech is transitioning from COVID-19 vaccine production to focus on cancer therapeutics, using its mRNA technology. Q4 2024 financial results show decreased profits and revenue; earnings per share dropped to…