1 When we think about biotech’s three major areas, medicine, agriculture, and industrial/environmental, we say they are interrelated or interconnected. How are these sectors connected?
2 We say that personalized or precision medicine is one of the greatest breakthroughs in not only biotech but also medicine. Why is this advancement considered such a great breakthrough?
3 Our unit indicated that almost 70 percent of all clinical trials are being conducted by “start-ups” or small entrepreneurial companies. What advantages can these companies have over the larger more mature companies like an Amgen, Genentech, or Gilead?
4 As in medicine, agriculture companies partner, form joint ventures, and cooperate in innovative research. Are these partnerships always productive and beneficial? Under what circumstances might they not be?
5 States like California, Colorado, Oregon, and Washington are accelerating and encouraging both innovation and investment in industrial and environmental biotech. What is the upside of these actions?

Advancement is seen as such a great breakthrough because Precision medicine has made a way for health care providers to provide and plan a unique form of care for their patients, using their patient's genes or the genes in their cancer cells and other achievements.

The advantages of new businesses over large businesses is that small businesses often occupy the niches that their larger competitors often do not look at or take into consideration and thus they can work and provide for customers more directly and with higher flexibility than bigger firms.

Note that these partnerships has always productive and beneficial in terms of development of cancer treatment drugs, skin care and other products.

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