Biopharmaceutical industry« Back to Glossary Index
Biopharmaceutical industry is the segment of business that uses biotechnology (biotech) to develop and manufacture medical therapies (biopharmaceuticals) and in vivo diagnostic processes.
The key difference between pharmaceutical companies and biopharmaceutical companies is that pharmaceutical companies create their products from chemicals and synthetic processes, whereas biopharmaceutical companies manufacture products using biotechnology. However, the terms are sometimes used interchangeably.
NCATS Toolkit for Patient-Focused Therapy Development: With Industry
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Biopharma; Biopharmaceutical company