At a breakfast meeting two-and-a-half years ago, Pascal Soriot, the newly minted chief executive of pharmaceutical giant AstraZeneca, shook hands on the first major drug-development deal of his tenure. It was a research partnership with little-known biotechnology company Moderna Therapeutics of Cambridge, Massachusetts. Worth up to US$420 million, the deal was unusually large for a start-up that offered only a fledgling drug technology, especially one that had not yet even been tested in humans.
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Modern biotechnology is a toolbox that contains a wide array of tools and techniques to tackle problems in human health, agriculture and environmental protection. Environmental activists have rarely referred to it as “clean technology”. India has long since committed to utilizing modern biotechnology for its economic development and is perhaps the only country with a dedicated government department of biotechnology.
