$IVST Without an aggressive effort to research and develop (R&D) treatments to fight some of the largest threats to humanity, we risk reliving deadly periods in history such as the “Black Death.” The pandemic wiped out 50 million people in the 14th century, which equated to 60% of Europe’s population at the time of the plague outbreak.

According to Grand View Research, Inc., the global biotechnology market is forecast to hit $727.10 billion by 2025. The firm notes that the growth will most likely be generated by regenerative medicines and genetics in diagnostics. Grand View further notes that technological advances are helping biotech companies with greater R&D and clinical testing capabilities. Overall, this will help with advancing treatments and research methods.

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