Biotechnology is a field of science that utilizes living organisms, biological systems, or derivatives thereof to develop or create products and processes for specific use. It encompasses a variety of techniques and applications, including genetic engineering, cell culture, and molecular biology. Biotechnology plays a critical role in various sectors, including healthcare (for example, the development of vaccines and gene therapies), agriculture (such as the creation of genetically modified organisms to enhance crop resilience and yield), and environmental protection (like bioremediation to clean up pollutants). The goal of biotechnology is to harness biological processes to improve life and contribute to sustainable practices across industries.
BioNTech faces financial challenges, with net profit per share dropping from €1.90 to €1.08 and revenue falling from €1.479 billion to €1.19 billion. Pivotal transition from COVID-19 vaccine production to…