Biotech & Pharma
Biotech and Pharma refer to the commercial sectors that develop, manufacture, and market products that use or intervene in biological processes. Multinational pharmaceutical companies have invested heavily in biotechnologies as a potential source of new drugs and devices. The biotech and pharma industries often oppose public oversight and regulation, despite their involvement in socially and ethically controversial products and activities. Because their involvement blurs the lines between private enterprise and public interest, biotech’s activities must be transparent and their interests acknowledged.