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Biotechnology Development
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Biotechnology has four major applications – medical, agricultural, environmental and industrial. The industry is in the business of generating solutions for diseases that previously had no cure; developing high-yielding and disease-resistant varieties of crops; engineering microorganisms needed to find sustainable ways to clean up contaminated environments; and coming up with applications that lead to cleaner processes and produce less waste in the chemicals, textiles, energy and many other sectors.
The biotechnology industry is faced with a highly regulated environment. Oversight is provided by the U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (USDA-APHIS), the U.S. EPA, and the Department of Health and Human Services’ Food and Drug Administration (FDA) under the Coordinated Framework for Regulation of Biotechnology. In regulating this industry, a major consideration is to encourage innovation, while ensuring that new biotechnology products are safe for human and animal health and the environment.
The Biotechnology Development industry report contains critical analysis, statistics, and qualitative commentary from our in-house research team, as well as Advisen’s proprietary data including pricing and loss information.
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Industry Insight Reports provide in-depth information on more than 120 industries. Advisen analyzes hundreds of sources to create insightful and easy to digest industry intelligence so risk and insurance professionals can better understand a prospect’s or client’s business issues using comprehensive industry reports.
