The U.S. Biotech Industry refers to the segment of the economy in the United States that focuses on the development and commercialization of biotechnological products and processes. This industry primarily involves the application of biological principles and techniques, often at the molecular and cellular levels, to develop drugs, therapies, diagnostics, agricultural products, and biofuels. The industry encompasses a wide range of activities, including research and development, manufacturing, and distribution, and is characterized by its innovation in using living organisms or their derivatives to improve human health, food production, and environmental sustainability. The U.S. Biotech Industry is a significant contributor to the economy and is known for its role in advancing scientific research, particularly in areas such as genomics, molecular biology, and synthetic biology.
The technological race between the United States and China intensifies as the U.S. imposes strict export controls on biotechnology. The Department of Commerce has implemented new rules aimed at safeguarding…