For investors looking to go green, the biodiesel industry is based on vegetable oils and animal fats. These substances are converted into fatty acid methyl or ethyl esters, aka esterification. The result is a sustainable fuel with eco-friendly qualities that reduce greenhouse gases in the atmosphere. Furthermore, biotech technology is improving modern medicine. Here are important details to consider before making decisions for investing in this growing renewable energy source and crucial component to healthcare improvements.
Key Industry Leaders
The global biotech market is projected to reach $727 billion by 2025, according to Grand View Research. This growth will largely be driven by advancements in regenerative therapies and AI technology, aided by government support.
Some of the biggest biotech investment stories of 2019 were Bristol-Myers Squibb’s $74 billion acquisition of Celgene and Eli Lilly’s $8 billion buyouts of Loxo Oncology. Important biotech stocks to study in 2020, according to The Motley Fool, are Global Blood Therapeutics (GBT), Amarin (AMRN), and Clovis Oncology (CLVS).
Leading into 2020, several biotech IPOs emerged, while the FDA showed flexibility in speeding up the approval process for new drugs. New discoveries in human DNA research are opening the door to more innovation in personalized medicine and scientific understanding of genetics. Biotech companies are now starting to collaborate with healthcare organizations to design new products, including food and sweeteners in the labs of biotech giants Arzeda, Twist Bioscience, Labcyte, and TeselaGen.
From this teamwork, cloud management and smart technology will lead to continued improvements in drug research, diagnostics, and medical treatments. Combined with IoT devices, doctors will be able to work more closely with at-home patients, who will not need to visit hospitals as much, including for check-ups physically. Biotech professionals will be in a better position to access, organize, analyze, and interpret data.
Rapid developments in biotech have helped accelerate the FDA approval process, providing patients with quicker access to new drugs, particularly for cancer treatment. Advancements in gene studies will also allow physicians to analyze genetic data more deeply to treat illnesses, diseases, and disorders in animals as well as humans.