Abstract
This chapter presents a general overview of biotechnology as a science and as an industry of immense economic value. The many industrial applications of biotechnology have been enumerated and then we have gone to discuss the dynamic sector of medical and pharmaceutical biotechnology in some detail. We have discussed the economics of pharmaceutical biotechnology particularly focusing on the reasons why the products and services it creates have a price tag so high that they become almost inaccessible for so many who need those. Additionally, an attempt has been made to introduce the relatively much newer concepts of bio-industry and bio-economy. We have further briefly presented information about the top 5 global biotechnology companies, incidentally all happen to belong to the medical and pharmaceutical biotechnology sector, and have finally discussed about being an entrepreneur in the world of biotechnology and what that entails.
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Sawhney, A., Imran, M., Zulfiquar, S., Tauseef, M. (2022). Careers and Opportunities in Medical Biotechnology. In: Anwar, M., Ahmad Rather, R., Farooq, Z. (eds) Fundamentals and Advances in Medical Biotechnology. Springer, Cham. https://doi.org/10.1007/978-3-030-98554-7_15
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DOI: https://doi.org/10.1007/978-3-030-98554-7_15
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