Quick comment & question:
The biotech industry (& biotech research more generally) has 3 main areas:
- health biotech (new drugs, stem cell research, etc.)
food biotech (GM crops, GM aquaculture, etc.)
industrial biotech (using microbes & enzymes in manufacturing or, for example, in processing textiles or paper)
My sense is that the first gets 90% of the press, and the lion’s share of funding too.
My guess is that human health could turn out to be the least important of the 3, in the long run. Just a hunch. Don’t quote me. (Roughly: I think food security and the environmental benefits of industrial biotech are more likely to have significant long-term effects on human well-being.)
Doe anyone know where I can get stats on relative levels of investment — public and private — in each of the 3 areas? If so, please email me.