“Biotechnology represents an integrated application of natural and engineering sciences, aimed at using living organisms, cells and their parts in production and service-rendering” (the definition issued in 1989 by the European Federation of Biotechnology, the EFB).
Health biotechnology (Red Biotechnology) is used to create an advanced class of drugs, therapies, vaccines and diagnostic tools. This Biotech sector has tremendous impact on welfare of public society. The application of modern biotechnology in the development of innovative medicine and diagnoctic products is increasing exponentially.
Lithuania has been gradually becoming one of the high tech centers in the region. 90% of Lithuanian biotechnological, pharmaceutical products and medical devices are exported globally. LBTA represent as Lithuanian Health Technology Ecosystem within ECH Alliance global network.
More information about the benefits of Healthcare Biotech for patients and public society is provided by EuropaBio: