Biotechnology

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Related to Red biotechnology: Blue Biotechnology

Biotechnology

The use of living things, such as one-cell organisms, in technological innovations. Biotechnology has particular applications in medicine, agriculture, engineering, and similar fields. Biotech organizations may make and market their own products, or they may be departments within another company, such as a pharmaceutical corporation.
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The focus of red biotechnology is on new drugs with a relatively easy to estimate market potential and share, while industrial biotechnology mainly develops new process routes to already known drugs or chemicals.
Industrial biotechnology--markets and industry structure

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