The biotech sector refers to a segment of the economy that focuses on the use of biological processes, organisms, or systems to develop products or technologies for various applications, primarily in healthcare, agriculture, and environmental management. This sector encompasses a wide range of activities including research and development, manufacturing, and distribution of biotechnology products such as pharmaceuticals, vaccines, diagnostic tools, and genetically modified organisms. Companies within the biotech sector often work on innovative solutions that leverage molecular biology, genetics, and biochemistry to address challenges in medicine, food production, and ecological sustainability. The biotech sector is characterized by its reliance on scientific research, intellectual property, and regulatory compliance, making it a highly specialized and dynamic field.
Italian VC XGEN Venture Leads the Charge XGEN Venture, an innovative European venture capital firm, has officially launched its inaugural fund with a substantial capital commitment of **€180 million** (approximately…