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Biotechnology markets: From big bang towards constant growth

Contrary to many other fields in science, many processes in biology are just beginning to be understood by mankind. The genetic revolutions of the seventies provoked an exponential progression of the number of discoveries and new technologies. This phenomenon has become somewhat of a trend, together with other high tech ventures that recently suffered in the Nasdaq and other stock market declines. Nevertheless, many other fields have historically experienced their "take off" one or two centuries ago, which explains why innovations are harder to find in these traditional fields than in the field of biotechnology. For this reason, one can predict that biotechnology still has its "golden age" to live. The year 2000 was a record in biotechnology history: Record investments, company and employee number, profits, etc.

Biotechnological applications can roughly be classified into 2 main categories, pharmaceutical/medical and bioconversion/remediation. First, the pharmaceutical and medical field. Traditionally, this field has been mainly occupied by the chemical industry, which developed new drugs by using high throughput screening with libraries of small molecules related to a traditional drugs. This procedure was empirical and expensive. With genetics, targets can be sequenced and identified; screening can be carried out with antibodies that are the specific biological answer to a given problem. Antibodies and proteins can even be engineered (thanks to knowledge in genomics) to produce an optimised effect. Microorganisms "programmed" with the required DNA can produce therapeutic proteins and antibodies, which are far too big and complex to be synthesized by chemical procedures only. Another revolution is gene-therapy, used with patients suffering from hereditary diseases. Such patients have a faulty version of some particular gene and gene therapy is supposed to provide their cells with the "healthy" version (produced biotechnologically).

Second category: Production, bioconversion and bioremediation. The genetical engineering of microorganisms allows for the production of a great diversity of compounds, starting from the cheap substrate glucose. These processes are in most of the cases far too expensive to compete with chemical synthesis. The potential of biotechnology resides therefore mainly in some products that can only be produced following a biological route. But this is also changing: For many chemical syntheses, a factory needs to be planned with many different reactors, tanks and pipelines containing the different reaction steps, while micro organisms concentrate a very big number of different chemical reactions in their cells. This large number of reactions often contains the necessary first steps; therefore it suffices sometimes to add an enzyme or two (using genetical transformation). These enzymes and cells work in water whereas organic chemistry often requires large amounts of organic solvents that later become the waste in the process. Such "green routes" could be a tool to favour pollution reduction.

Genetical engineering has great potential. The problem is sometimes the consumer reluctance to purchase GMO products. For drugs, the GMO concept is well accepted but in the food industry, it is acquiring a bad reputation. This reluctance, currently very strong in Europe but almost non-existent in the US, is at times justified. Many aspects of GMO proliferation are still unclear. But the industry is carrying out more and more research to understand precisely the risks connected to GMO proliferation and develop biological systems that are unable to go beyond a culture dependant barrier (killer genes, etc.). Many new genetically engineered routes have been developed, tested and found to be very profitable. Food industries that have discovered such routes do not use them yet - they prefer continuing with the classical process, more expensive but outside the GMO controversy. However, companies often continue developing new GMO processes, waiting for the day GMOs will be safe and accepted.

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