Vault Guide to Biotech

by Anil K. Rao, Carole Moussalli
Publication Date: 2009

“Biotechnology” refers to the application of biological research techniques to develop products and processes using biological systems, living organisms, or derivatives of organisms. Biotech processes have been used for thousands of years, yet the industry we know today is scarcely more than a quarter century old. The industry is rapidly growing—the biotechnology industry tripled in the 1990s and had a March 2009 market capitalization of $200 billion—which translates to rapidly growing career opportunities as well.

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