The Biotechnology Industry
The Biotechnology Industry is exceptionally volatile and unstable as a result of the scientifically intensive operations of corporations in the industry. Predictions have shown that revenue will continue to increase. The sector’s ability to generate innovative products that affect the public defense, agricultural, industrial, and medicine market has triggered growth to remain robust in an unstable economy. The Biotechnology Industry came to light in the 1970s, with the primary objective of improving the eminence of people’s lives. Even though operators faced declines in 2008, the general performance has remained robust. Development and research in the sector have been financed through the sale of products and government support. However, to survive in a dynamic market, big and small-sized biotech organizations are opting to fund their development and research activities independently. The amount of biotech drugs has continued to rise, increasing demand. Therefore, incumbent organizations can sustain a competitive advantage in the biotechnology industry.
Genentech is considered as the founder of the biotechnology industry, is currently a member of the Roche Group. The company has been delivering on the promise of Biotechnology for over forty years. Genentech is a biotech firm committed to pursuing inventive science to unearth and produce drugs for people with severe life-threatening illnesses. Genentech provides medications for the prevention of immunology, metabolism, virology, tissue repair, and monoclonal antibodies. The organization also conducts scientific studies to generate biologic drugs. The firm is also researching the transformational discovery of the first targeted antibody for cancer and the first medication for progressive multiple sclerosis. The company serves clients across the world. Genentech is well-positioned to sustain a competitive advantage in the sector. The company engages in conducting transformational research to unearth cure to cancer, one of the diseases threatening human life existence.