Why biotechnology is the future

Biotechnology innovations may have the ability to simultaneously address societal challenges and produce economic benefits.
Some biotechnology products are envisaged as tools to help address food security and climate change and to promote “green growth” and environmental sustainability.

Over the next few centuries, “biotechnology” was primarily focused on improving fermentation processes to make alcohol and later food production.
With the discovery of penicillin, new applications emerged for human health.

Today, the Biotechnology Innovation Organization (BIO) defines biotechnology as “technology based on biology - biotechnology harnesses cellular and biomolecular processes to develop technologies and products that help improve our lives and the health of our planet.

But the future of biotech is as much about political and cultural leadership as it is about the science and technology itself.
In healthcare, premium-priced biotech products have exacerbated, rather than assuaged, long-standing health and wealth disparities in our societies.
Most biologics are available to only a select few.