Biotechnology is the use of biological systems, living organisms, or derivatives thereof to develop or create products and technologies that improve human life and the health of the planet. It combines principles from biology, chemistry, engineering, and computer science to manipulate cellular and biomolecular processes. Applications of biotechnology include the development of vaccines, genetically modified organisms (GMOs), biopharmaceuticals, and sustainable agricultural practices. It plays a crucial role in areas such as medicine, agriculture, environmental management, and food production, allowing for innovations that address challenges like disease, food scarcity, and environmental degradation.
BioNTech shifts focus from COVID-19 vaccines to pioneering cancer treatments using mRNA technology. Financial results for 2024 showed a decrease in earnings and revenue, yet surpassed market expectations. The company…