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 encompasses a wide range of techniques, including genetic engineering, molecular biology, and bioprocessing, to manipulate biological materials for purposes such as improving agriculture, developing pharmaceuticals, creating environmental solutions, and enhancing food production. Biotechnology can involve both traditional methods of cultivation and modern biotechnological innovations, such as recombinant DNA technology, where genes from one organism are inserted into another to produce desired traits. The applications of biotechnology are diverse and can be found in healthcare, agriculture, industrial processes, and environmental management, playing a critical role in addressing global challenges such as disease, food security, and sustainability.
BioNTech is transitioning from COVID-19 vaccine success to focus on mRNA-based cancer therapies. Despite a decline in revenue and profits, BioNTech's financial performance in 2024 exceeded market expectations, with earnings…