Biotechnology is a vast field which though still considered being in its infancy is growing at an exponential rate. Within the United States alone the industry is comprised of more than 1,000 companies with a combined annual income of approximately 50 billion dollars (Reuters, 2009).
The development of the industry has been spearheaded by demands for research into various fields by venture capitalists. These investors have injected funds with the hopes of scientific breakthroughs, which will enable them to promote successful new products within the market. Such funds are used within the industry not only further research and development, but also to carry out manufacturing trails, establishing patents and promoting new technologies.
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