Biotechnology is a field of science that involves the use of living organisms, biological systems, or derivatives thereof to develop or create products and technologies. It combines principles from biology, chemistry, engineering, and computer science to manipulate biological processes for various applications. Biotechnology can encompass a wide range of activities, including genetic engineering, fermentation, tissue culture, and the production of pharmaceuticals, agricultural products, and environmental solutions. The primary goal of biotechnology is to improve the quality of life, enhance food production, and address environmental challenges through innovative techniques and technologies derived from biological sciences.
BioNTech faces reduced profits and revenues after pandemic vaccine demand subsides. The company reported a net loss of approximately €700 million in 2024 with income per share at €1.08. Future…