Biotech Today
The biotechnology sector has grown by leaps and bounds since the 1990s. The industry has spawned giant companies in the medical space such as Gilead Sciences, Amgen, Biogen Idec, and Celgene. At the other extreme are thousands of small, dynamic biotech companies, many of which are engaged in various areas of the medical industry, such as drug development, genomics, or proteomics while others are involved in areas like bioremediation, biofuels, and food products.
There also have been big product introductions in biopharma drugs. Some of the most frequently used biotechnology medical products recently introduced include the following:
- AbbVie’s Humira, which is used to treat arthritis, psoriasis, and Crohn’s disease.
- Roche’s Rituxan, which is used to slow the growth of tumors in several types of cancer.
- Amgen/Pfizer’s Enbrel, which is used to treat several autoimmune diseases.