The Effect of Biotechnology on World Economy and Society

581 Words Feb 4th, 2018 2 Pages
It offers a complete insight on the exciting world of biotechnology, right from its initial stages in the 1970’s and 1980’s. For many centuries now, biotechnology has been in practice such as to bake bread, brew alcoholic beverages, and breed food crops or domestic animals. But recent developments in molecular biology and genetics, have given biotechnology new meaning, new prominence and new potential. It has captured the attention of the public. Modern biotechnology can have a dramatic effect on the world economy and society and this is the underlying statement throughout the book.

In the first section, the author starts by explaining the rise of three major biotechnology companies, Genentech, Amgen and Genzyme and their competition with the big pharmaceutical companies. These companies had and have the best working researchers when compared to the pharmaceutical companies. As a former employee of Genentech, the author also gives accounts of inside stories. For example, the interactions of employees with Bob Swanson (founder of Genentech). She then moves on to the research aspects of biotechnology and gives an account of the various genetic engineering tools and techniques used such as Biochips and Microarrays .Other topics covered include tissue regeneration ,treating diseases using antisense drugs, somatic…