What occurs in genetic engineering? - correct answer DNA are cut and pasted into
another organism, such as bacteria, to produce a molecule we want
What industries are the main users of biotech? - correct answer Agriculture, food,
healthcare, life science
When did the biotechnology industry first begin? - correct answer 1970s
What are the two branches of biotech companies? - correct answer Biotech and
pharmaceutical
What are the pros and cons of biotech companies? - correct answer Small team,
innovative design, but high risk business model
What are the pros and cons of pharma. Companies? - correct answer Chemical
expertise, job security, low-risk model, but less room to experiment
Biotech often works with ______________, while pharma. Works with
_________________. - correct answer DNA and proteins, small molecules.
How do private biotech companies become public? - correct answer Initial public
offering (IPO)
What are new biotech businesses called? - correct answer Start-ups
How do biotech and pharma. Companies interact? - correct answer Biotech sells their
research to pharma. Companies, who have manufacturing expertise and can sell the
drug
How do scientists share and challenge each other's information? - correct answer Peer-
reviewed journals or conferences, meetings, and posters
How can scientists protect their method/product? - correct answer Obtain a patent;
ensures profits, or if another company uses their method the creator gets royalties
What are some of the aspects of a Standard Operating Procedure (SOP)? - correct
answer Scope, purpose, defentitions, revisions, procedures, additional documents
What are good laboratory practices (GLP)? - correct answer Non-clinical and extremely
detailed guidelines
What are good manufacturing practices (GMP)? - correct answer Quality and safety of
manufactured products