Biotech mutual funds have profited from several mergers and acquisitions, product approvals and positive pipeline updates. However, biotech drug stocks are heavily hit when companies fail their phase test studies. Celladon Corp shares dropped eighty percent after announcing that its lead candidate, Mydicar, had failed to meet endpoints in the phase IIb CUPID2 study.
Investments also drop dramatically when it is reported in briefings that a particular drug is unlikely to be recommended at national drug agency advisory panel meetings.More
Bioproducts are important because the biomass used in their manufacture provides either a complement or an alternative to petroleum and petrochemicals. Bioproducts provide an alternative to dependency on fossil fuels that lead to serious environmental problems, including the decimation of forests, a decrease in plant and animal biodiversity and wood fire smoke which causes air pollution. Therefore, biotechnological innovation in the production and content of commonly used items can offer a sustainable approach without compromising product performance.More
The benefits of using biotechnology to genetically modify organisms in crops has converted non-productive toxic soils in developing countries to productive arable land. Biotechnology thus creates an abundant and economical food supply for the world. Specific plants can be modified to add essential amino acids, vitamins, or desirable fatty acids, which helps deal with malnutrition in parts of the world. Fresh fruits and vegetables also have an improved shelf life, reducing waste.
More environmentally friendly agricultural practices through improved pesticides and pesticide usage practices leads to less hazardous animal wastes, improved utilization of land and reduced need for ecologically sensitive land such as rain forests. Farmers and producers are now able to grow crops with an increased resistance to insects, tolerance to herbicides and virus-resistant crops and herbicides that are less harmful to the environment.More