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 that can improve the quality of life and the health of the planet. It encompasses various techniques that utilize cellular and biomolecular processes, often integrating knowledge from biology, chemistry, genetics, and engineering. Applications of biotechnology include the development of pharmaceuticals, agricultural enhancements, environmental solutions, and industrial biotechnology products. It plays a crucial role in medical research, genetic engineering, and the production of biofuels, among others, intending to harness biological systems for innovative solutions to address various challenges in health, food security, and environmental sustainability.
BioNTech is shifting focus from COVID-19 vaccines to mRNA-based cancer therapies amidst declining vaccine demand. In the last quarter of 2024, BioNTech's earnings per share dropped to €1.08, with overall…