What is the difference between a biotechnology company and a pharmaceutical company? | Investopedia

What is the difference between a biotechnology company and a pharmaceutical company?

While biotechnology and pharmaceutical companies both produce medicine, biotechnology companies’ medicines have a biological basis, and pharmaceutical companies’ medicines have a chemical basis.

What is the difference between a biotechnology company and a pharmaceutical company?

Biotechnology companies use live organisms or their products, such as bacteria or enzymes, to manufacture their drugs.

Conversely, pharmaceutical companies use only chemical – and generally artificial – materials to create drugs.

Biotechnology also has more applications than pharmaceutical companies.

Read more: What is the difference between a biotechnology company and a pharmaceutical company? | Investopedia

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