biopharma industry

The biopharma industry combines biology and pharmaceuticals to develop drugs and therapies using living organisms or their components. This sector focuses on creating innovative treatments for various diseases, often involving advanced technologies like genetic engineering and cell therapy. Biopharma companies conduct research, conduct clinical trials, and navigate regulatory processes to bring new medications to market. Their work is crucial for addressing health challenges, improving patient outcomes, and advancing medical science through biologics, which include vaccines, proteins, and other biologically derived substances. The industry plays a significant role in the global economy and healthcare systems.