The general opinion about
top biotech companies is that they mainly spend billions of dollars in research and development. The money made out of business is not much when compared with the aforesaid perspective. The biotech stocks worldwide trade on the promise of novel technology and products. Biotechnology companies of the world use biological systems, living organisms or their derivatives to make products for specific use.
Before 1970, biotechnology was used in the agricultural and food processing industries. Now they broadly refer to laboratory based techniques used by western scientific establishments. The biotech companies follow a combined view of biotechnology as being an amalgamation of disciplines like genetics, biochemistry, embryology, molecular biology and cell biology.
The companies mainly cater to industrial areas, agriculture, crop production, non-food use of crops and other environmental uses.
Directed use of organisms are made to manufacture organic products. The mining industry uses naturally present bacteria in bioleaching.
The companies apply red biotechnology to medical processes such as production of antibiotic and genetic cures. White biotechnology is used in industrial processes while green biotechnology is applied to agricultural processes. Blue biotechnology is issued in marine applications.
Some of the top biotechnology companies of the world are as follows:
ABBOTT BIORESEARCH CTR INC:
The company discovers, develops, manufactures and sells pharmaceutical and nutritional products. The company is located in Illinois, USA.
ACHAOGEN:
The company is currently pursuing strategies to prevent drug resistance. Located on the shores of San Francisco Bay, USA, it has brilliant research facilities
ACUMEN PHARMACEUTICALS:
this company is doing path breaking diagnostics and developing medicines for Alzheimer's disease and memory loss. The company is based in Manchester, UK.
AERIE PHARMACEUTICALS:
This company focuses on development of medical innovations in opthalmology. The company is located in Research Triangle Park, North Carolina.
AMAXA GMBH:
this company markets, develops and produces innovative transfection technologies. This company is located in Nattermannallee, Germany.
SERONO:
This Switzerland based company specializes in multiple sclerosis, fertility, growth therapies and AIDS wasting.
GENZYME:
The products of this company are for the treatment of inherited disorders, kidney diseases, cancer, etc. The company is located in Cambridge, UK.
The biotechnology companies cater to the medical field with applications in pharmacogenomics, drug production, genetic testing and gene therapy.