Biotech

Companies in the biotech (biotechnology) space manufacture drugs, therapies, vaccines, and medical diagnostic tests for the treatment of health disorders and illnesses. Demand for biotechnology in the fields of medicine, agriculture, food, and science is driven by insurers' willingness to pay for new medical treatments, the global need to produce more food for a rapidly expanding population, and scientists' desire to find solutions for complex scientific and medical issues. The industry is considered one of the riskiest for investors as drug development success is a difficult and costly process.