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Biotechnology companies are on the rise as big businesses in the United States. As of 2016, there were *** public biotechnology companies in the U.S. This is an increase from 2015 when there were *** public biotechnology companies. During that same year there were private biotechnology companies operating in the United States. Biotechnology has provided live saving drugs and agricultural solutions to millions globally.

Global biotechnology companies

Biotechnology companies are responsible for some of the biggest breakthroughs in modern pharmacology using genetic manipulation to solve health problems. The top biotechnology companies globally include Amgen, Gilead Sciences and Novo Nordisk. Both Amgen and Gilead are headquartered in the United States. The top biotech drugs sold globally include Humira, Rituxan and Enbrel. Many of these medications are used to treat multiple chronic diseases.

Biotechnology in agriculture

Healthcare isn’t the only sector that biotechnology is dramatically impacting. Biotechnology is used in agriculture to genetically modify products (plants or animals) or to develop microorganisms to help in agriculture. The total global acreage of genetically modified crops has been increasing every year. However, the United States, Brazil, and Argentina are among the top producers of genetically modified crops. Among genetically modified crops in the U.S., soybeans, cotton and corn are the most commonly produced.