Top 20 Biotech Companies - 2019
Biotechnology has had a substantial impact on many integral aspects of human welfare. Humans have been using this stream of science in agriculture, food chain, and medicine for over a thousand years. The field involves the study of DNA (Deoxyribonucleic acid) to understand and manipulate the genetic makeup of cells to increase the beneficial characteristics of plants or organisms that might be useful to humans.
Powerful data analysis tools are being used that can decode an entire genome in a matter of hours, making it one of the most essential tools for the biotech industry. Artificial intelligence (AI) can be used to predict the structures of molecules to accelerate research efforts, increase the potential of clinical trials, to analyze relationships between various entities, generating interactive research graphs and creative dashboards with centralized information to stimulate drug discovery and faster development.
Agricultural biotech firms use data science tools to identify the best productive crops with less impact on the environment, especially among the genetically modified plants. In drug approvals, only a few drugs make it to market, while remaining nearly 50% of compounds are lost in phase II and phase III trials for lack of potency. There are several reasons why drugs fail to be marketed, such as picking the wrong targets, research failure, poor data quality, and making wrong decisions about compounds. Data analytics, when applied to experiments and clinical trials, can help quickly identify the source of error with greater ease. The technology also helps to build predictive models and provide information on optimum parameters that will achieve the desired outcome of an experiment. In addition, biotech companies can also use these insightful metrics to be able to identify bottlenecks and overcome challenges.
Technological breakthroughs in Biotechnology have altered the way we live our lives; from bacteria that can eat oil, to innovations such as growing human organs in labs for transplantations and biofuel that reduce carbon footprint and global warming effects. In today’s world, as a population continues to grow, biotechnology is being utilized to develop food such as vegetables and meat in laboratories to curb the food shortage problem. These food products are created with a class that matches them to the original item and is set to quickly change the way humans consume food. Further, innovations of biotech in making breakthrough medical products like speech restorer, smart pill, absorbable heart stent, portable dialysis machine and many more have transformed the way humans react to diseases.
In this edition of CIO Review, we present you the “20 Most Promising BioTech Solution Providers 2019,” featuring the best solution providers offering tools and services in the biotech landscape. The companies compiled in this issue have exhibited extensive business process knowledge, along with in-depth, integrated, and innovative strategies. The listing provides a look into how the solutions and services work in the real world so that organizations can gain a comprehensive understanding of what technologies are available and how they shape up against the competition.