A biotech company is a business organization that specializes in the development, production and marketing of products derived from living organisms. These companies use advanced techniques in genetic engineering to create new drugs, therapies or other medical treatments, as well as agricultural and environmental products. Biotechnology has revolutionized many industries including healthcare, food and beverage, biofuels, and eco-friendly materials. A biotech company may focus on a specific area of application such as pharmaceuticals or agriculture, or offer a range of services in the field of biotechnology.