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The Biotechnology Industry Organization calculates that the biotech industry has made more than 250 healthcare products and vaccines available to patients, transforming our understanding of international health and the financial implications of these illnesses.
For example, according to the industry report Healing, Fueling, Feeding: How Biotechnology Is Enriching Your Life, the US spends approximately $2 billion annually treating cervical cancer. The report estimates that a concerted national vaccination campaign promoting the vaccines Gardasil® (Merck & Co. (NYSE:MRK)) and Cervarix® (GlaxoSmithKline (LSE:GSK,NYSE:GSK)) could save the healthcare system up to $1.4 billion per year, in addition to thousands of lives.
If medical biotech helps to create healthier lives, industrial biotech makes advances towards creating a healthier, more efficient Earth. Biotech offers the opportunity to invest in tangible solutions for national imperatives as diverse as public health, economic security and environmental sustainability.
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To successful investing,
Publisher & CEO
Investing News Network
“Biotech Investing News is part of Investing News Network, a growing network of authoritative publications delivering independent, unbiased news and education for investors. We deliver knowledgeable, carefully curated coverage of a variety of markets including biotech, medical devices, technology and many others.”