biotech

noun
bio·tech | \ ˈbī-ō-ˌtek \
plural biotechs

Definition of biotech 

2 : a company that utilizes biotechnology (as in the development of drugs or diagnostics for medicine) At present, there is no common technology platform for obtaining or sharing genomics information, so biotechs are scrambling to develop their own systems for sifting through the data. —Arlene Weintraub

Examples of biotech in a Sentence

Recent Examples on the Web

Matthew Nemerson, New Haven’s economic development administrator, said the city is capitalizing on the local biotech economy emerging from research at Yale University, Yale New Haven Hospital and other sources. Stephen Singer, courant.com, "Unemployment In Connecticut Hit New Lows In 2017, Though Cities Still Struggle," 8 June 2018 China's ambitious plans to end that dependence by creating its own innovators in fields from robotics to electric cars to biotech are fueling fears of a loss of American industrial leadership. Joe Mcdonald, The Christian Science Monitor, "US tariffs could spur tech development in China," 5 July 2018 Now the 34-year-old founder of the biotech startup Theranos is facing federal criminal charges. Julia Belluz, Vox, "Theranos founder Elizabeth Holmes has been charged with criminal fraud," 15 June 2018 In the Bay Area, where biotech is booming and promising PhDs have their pick of first-class universities, competition is especially stiff. Megan Molteni, WIRED, "Biotech Gets Some Silicon Valley Shine at Illumina’s New Campus," 19 Apr. 2018 Big biotech is out of favor, but hardly out of options. Charley Grant, WSJ, "How Big Biotech Can Win Back Investors," 12 Apr. 2018 The share prices of most large biotech companies have sharply underperformed the broader stock market over the past two years in large part due to a dearth of such potential growth opportunities. Charley Grant, WSJ, "Don’t Chase Biogen Into the Unknown on Alzheimer’s," 6 July 2018 Its trading partners complain that Beijing's initiatives to create global competitors in fields from biotech to robots to electric cars are built on know-how the Chinese government has stolen or pressured foreign companies to hand over. Joe Mcdonald, The Christian Science Monitor, "US tariffs could spur tech development in China," 5 July 2018 But alas, the tech world doesn’t see Theranos as a tech company, but rather a biotech outlier. Nick Bilton, The Hive, "“She Absolutely Has Sociopathic Tendencies”: Elizabeth Holmes, Somehow, Is Trying to Start a New Company!," 8 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'biotech.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of biotech

1967, in the meaning defined above

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Last Updated

25 Aug 2018

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The first known use of biotech was in 1967

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More Definitions for biotech

biotech

noun
bio·tech | \ ˈbī-ō-ˌtek \

Medical Definition of biotech 

2 : a company that utilizes biotechnology (as in the development of drugs or diagnostics for medicine)

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