GLOSSARY: Biotech Companies

Biotech Companies are the companies whose products or services primarily use biotechnology methods for their production, design or delivery. Biotech companies mainly work in the fields of medicine, agriculture, crop production, non-food use of crops and heavy industry. The mining industry, for example, uses naturally present bacteria in bioleaching. Biotechnology fields are divided into four groups, named by color. Companies working with red biotechnology apply it to medical processes, such as the production of antibiotics and genetic cures. White biotechnology is used in industrial processes, while green biotechnology is applied to agricultural processes. Blue biotechnology is issued in marine applications.