The Changing Biotech World, Article Review Example

Developments in the bio-tech scenario have come a long way from the time; bio-technicians were seen working out of dilapidated labs or small scale workplaces. In recent times, it has been recognized emphatically as a game changer and not just a side division within a pharmaceutical monopoly. It has assertively made its mark in the market not because of marketing and financial strength but due to a lack thereof. Bio-technicians have made a mark in the pharmacological world owing to an entrepreneurial spirit, a thirst for discovery and the use of innovative techniques to ascertain their progress in the medical industry.

Actively participating in the process of splicing molecules and proteins and taking risks to discover lifesaving compounds, these people have laid foundation to make headway into mainstream science labs. Even their failures demand appreciation because those too have contributed to the overall cause by often precipitating to success down the road. Bio-technology, the science deals with use of molecular techniques to engineer biologically active molecules not obtainable by standard chemical means. Its purpose has been to create new therapeutic and diagnostic means to detect and treat disease. In recent times, the pharmaceutical big wigs were facing a drought with regards to invention in their medical specialty. This brought them to the figurative threshold of bio-technicians. Cheque in hand, they were ready to allot them a tremendous amount of monetary aid in exchange for what could possibly be the next miracle drug. This paved way for the current trend in which both products and entire companies are being merged into by big pharmas blurring the line between the two.

It is to be noted however that overall trends have changed. Previously the bulk of biotech companies were smaller and dedicated their efforts to calculated gambles and novel therapies than to make money, now it’s hard to tell. Previously pharmaceutical companies were heavily populated with medical chemists but gradually this inclination is changing for the better. So a union between the two facets of this market has resulted in both pros and cons. We are thus ready to witness more developments in this area as the landscape is currently changing rapidly.