Manufacture drugs and create products and technologies aimed at combating diseases and enhancing lives. Biotechs use molecular and cellular processes and are heavily focused on genetics research and development (biotechnology), while pharmaceutical companies use a more synthetic chemical based process.
FasterCures offers this short, easy to understand backgrounder on the different stages of medical research required to develop a new drug, and on some of the hurdles that slow progress toward breakthroughs. (PDF format)