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In 2003, British biotechnology merged with RiboTargets and then into Vernalis Group. The British Biotech company name disappeared after this merger and the remaining staff integrated into the new Vernalis plc organization in Winnersh, Berkshire.
The number of UK biotechnology companies has boomed over the past three years, increasing by 65 percent since 2016. There are currently 3,456 companies in Britain involved in biotech research and development, compared with 2,095 three years ago.
Biotechnology is a science-driven industry sector that uses living organisms and molecular biology to produce healthcare related products. Biotechnology companies also develop therapeutics or processes (such as DNA fingerprinting).
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