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 for various applications. It combines principles from biology, chemistry, genetics, and engineering to manipulate biological systems for practical purposes. This can include processes such as genetic modification, fermentation, and cell culture. Biotechnology is widely applied in areas such as medicine (for drug development and vaccines), agriculture (for the creation of genetically modified crops), environmental management (for bioremediation), and industrial processes (for biofuels and biodegradable materials). The goal of biotechnology is to improve quality of life, enhance productivity, and address challenges in health, food security, and sustainable development.
BioNTech's Q4 2024 earnings exceeded forecasts but marked a decline from the previous year, with earnings per share at €1.08 versus €1.90 last year. Annual results showed a net loss…