Importance of Biotechnology in Pharmaceuticals Industry
Biotechnology plays a very vital role in Pharmaceutical Research and Development sector. In today’s time, 15% of the bounce is elicited from the biopharmaceutical industry. Biotechnology is the science that merges with technology that is being used in the pharmaceutical industry and it is proven to be advantageous specifically in the manufacturing of genetic testing and vaccinations.
What is the importance of biotechnology in the field of Pharmaceutical Industry?
Pharmaceutical companies are highly working towards the production of medicines and lifesaving vaccines for the entire global community. And when the pharmaceutical industry uses the advances of biotechnology and its sophisticated techniques, the result is better and faster delivery of drugs. Biotechnology has contributed to the Pharma industry for the preparation of vaccines and medicines in an accurate manner.
Biotechnology has helped the Pharma industry in the development of better processes, new products, and also has come up with new technologies to improve the existing methods. Thus, biotechnology when combined with the pharmaceutical industry can introduce a large number of jobs at the international level.
Some of the fields of the Pharmaceutical industry where biotechnology has played a vital role
Today, when the world is fighting with the fear of Coronavirus and all our hopes stand united on the development of the COVID-19 vaccine. It can be well understood how much the vaccination industry demands the expenditure of resources.
The pharmaceutical industry strives to manufacture products that are beneficial in fighting various diseases. Some diseases can still not be cured by medication, therefore the concept of vaccination came into the picture. The most relevant indication is metabolic, oncology disorders of the musculoskeletal system, and for the near future, it can be anticipated that the relevancy of the biopharmaceutical sector will be a boom.
The pharmaceutical industry aims at manufacturing products that can be used particularly for the benefit of society to deal with several health problems. The fast pacing changes in the environment, lifestyle, economy, increasing population, etc lead to more difficulties in alleviating diseases but the biopharmaceutical industry has found a cure for several diseases including Hepatitis B, Multiple sclerosis, Cancer, Cardiovascular Disease, etc. Investment in biotechnological research has resulted in finding the cure to diseases that were considered incurable.
Presently, it can be seen that the share of entities that are involved in preclinical testing generally depends on biotechnology and that share is more than 25% of all the entities being used in preclinical testing. The commodities used in the treatment of diseases like cancer, infectious diseases, and metabolic disorders are a bit more important.
A good share of resources needs to be invested in the field of biotechnology especially for developing countries like India for the growth of the economy as well as to establish themselves on the global front. Biotechnology enables the pharmaceutical industry to develop methods, processes to improve current ones. As the industry is not only beneficial for the medical sector but the country’s economy too as it helps in generating new jobs and preserves the existing ones.
Genetic testing is a form of medical test that specifies the changes in chromosomes, proteins, or genes of an organism. The result of a genetic test can verify or rule out an expected genetic condition or help deduce a person’s chance of developing or enacting a genetic disorder. More than 1,000 genetic tests are presently in use, and further are being formulated.
Various methods can be obtained for genetic testing:
Molecular genetic tests study solitary genes or short lengths of DNA to specify variations or modifications that steer to a genetic disorder.
Chromosomal genetic tests help in the analysis of entire chromosomes or the long lengths of DNA to identify the occurrence of huge genetic changes such as an additional copy of a chromosome, that induces a genetic condition.
Biochemical genetic tests research
Biochemical genetic tests research the proportion or activity level of proteins; abnormalities in either can imply changes to the DNA that result in a genetic syndrome.
Genetic testing is instinctive. Because testing has advantages as well as restrictions and risks, the decision about whether to be tested is a subjective and difficult one. A geneticist can assist by giving information about the pros and cons of the test and examining the social and emotional factors of testing.
Biotechnology was introduced to the world in the early 90s and from then onwards, this technology has shown immense growth in almost all industries. The major reason for the adoption of biotechnology by pharmaceutical companies is the low-cost of products developed by biotech.
Another major reason is that the pharmaceutical industry is solely dependent on the security of its users and this just cannot be compromised at any level. And biotechnology is reliable and results based which is why it was thoughtfully amassed by the pharmaceutical industry across the globe.
When pharmaceutical and biotechnology come concurrently, it results in the betterment of humankind. It works differently for every patient, the dosages shall be given according to the patient’s genetic, as prescribed by the doctor.