Biotech, short for biotechnology, refers to the use of biological systems, living organisms, or derivatives thereof to develop or create products and technologies for a variety of applications. This field combines biology, chemistry, engineering, and technology to manipulate biological processes for specific purposes, such as improving healthcare, agriculture, and environmental sustainability. Biotech encompasses practices like genetic engineering, gene therapy, pharmaceuticals development, and the production of biofuels, enzymes, and vaccines. The aim is often to harness biological capabilities to enhance human life, improve food production, and address ecological challenges.
BioNTech's Q4 2024 profit dropped, earning €1.08 per share from a previous €1.90, yet exceeded market expectations (€0.407). Revenue decreased to €1.19 billion from €1.479 billion, surpassing predictions (€1.093 billion).…