The application of biotechnology to develop new health products and vaccines with regard to diagnosing and treating disease offers great potential and hope for thousands of patients. This sector demands significant investment in research and development to manufacturing health products such as drugs, vaccines, medical devices etc. and also there are challenges to protect such innovations in an environment of constantly changing regulations. To be successful in this sector, biotech companies often need to form technology alliances, joint ventures, and licenses to develop research and maintain capital inflows.