BIOTECHNOLOGY AND PHARMACEUTICALS: WHAT'S THE DIFFERENCE?
Both biotechnology and pharmaceutical companies produce drugs, but drugs produced by biotechnology companies are derived from living organisms, whereas drugs produced by pharmaceutical companies usually have a chemical basis.
The emergence of the term biopharma further complicates the situation. The term describes companies that use both biotechnology and chemical sources in their medical research and development. (R&D).
Key findings
Biotechnology companies derive their products...