In what way does biotechnology benefit the pharmaceutical industry?
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Biotechnology helps the pharmaceutical industry to develop new products, new processes, methods and services and to improve existing ones. Thus, international competitiveness can be strengthened, new jobs can be created and existing jobs preserved.
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Pharmaceutical companies use biotechnology for manufacturing drugs, pharmacogenomics, gene therapy, and genetic testing. Biotech companies make biotechnology products (more specifically said biotech pharmaceutical products) by manipulating and modifying organisms, usually at molecular level.
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