Chemistry Research Ushers A New Hope For Humanity
BUSINESS ECONOMICS|March 16-31, 2019

"The three scientists developed laboratory methods of controlling evolution and harnessing its power to engineer enzymes and bind proteins using same tools as nature, of genetic mutation and selection for the benefit of mankind. This is called ‘directed evolution’, a man-made procedure that compresses the evolution timescale by orders of magnitude down to a few years. The notion of ‘survival of the fittest’ in nature’s scheme of things is mimicked in the laboratory through directed evolution to create new useful entities."

"The three scientists used those same processes to solve problems facing humans. These include the promotion of a greener chemicals industry, the production of useful new materials, manufacturing sustainable biofuels as well as mitigating diseases and saving lives. "

Aritra Mitra
Chemistry Research Ushers A New Hope For Humanity

In 2018, the Nobel Prize in Chemistry was awarded to Frances H. Arnold, George P. Smith, and Gregory P. Winter for their pioneering work in developing laboratory methods for controlling evolution and harnessing its power to engineer enzymes and binding proteins for the benefit of mankind. Chemical engineer, Frances Arnold, at the California Institute of Technology in Pasadena, is the second woman to win the prize in the past 50 years. Sir Greg Winter is from MRC Laboratory of Molecular Biology in the U.K. and George P. Smith is from the University of Missouri, U.S.A. They all used variants of existing chemistry studies to find solutions to problems such as creating biofuel from sugars, as well as altering human antibodies to fight things such as rheumatoid arthritis and cancer.

Arnold carried out his pioneering work in the 1990s on ‘directed evolution’ of enzymes. She devised a method for inducing mutations in enzyme-producing bacteria and then screening and selecting the bacteria to speed up and direct enzyme evolution. These enzymes which are proteins that catalyse chemical reactions are now used in applications from making biofuels to synthesising medical drugs.

This story is from the March 16-31, 2019 edition of BUSINESS ECONOMICS.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the March 16-31, 2019 edition of BUSINESS ECONOMICS.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS ECONOMICSView All
Morarji Desai: Walking the Yogic Path of Truth and Service
BUSINESS ECONOMICS

Morarji Desai: Walking the Yogic Path of Truth and Service

What is Yoga? In very short, from the basic viewpoint of Patanjali (the proponent of Yoga, a major branch of Indian philosophy and the author of the Yogashastra Yogasutra), Yoga is the process of merging oneself into the One Indivisible Whole through concentration of mind.

time-read
3 mins  |
February 1 - 29, 2024
The automobile industry has rebounded to the levels observed in 2018-19, and the future of electric vehicles (EVS) appears promising
BUSINESS ECONOMICS

The automobile industry has rebounded to the levels observed in 2018-19, and the future of electric vehicles (EVS) appears promising

RC Bhargava, Chairman of Maruti Suzuki Ltd, recently shared insights on the automobile sector, noting that historically, its performance aligned with the country's GDP.

time-read
2 mins  |
February 1 - 29, 2024
Dueling German Luxury: BMW and Mercedes-Benz Vie for Dominance in Indian Market
BUSINESS ECONOMICS

Dueling German Luxury: BMW and Mercedes-Benz Vie for Dominance in Indian Market

BMW and Mercedes-Benz, revered names in the realm of car enthusiasts. While the debate over which stands as the epitome of driving excellence persists, recent sales figures unveil an intriguing narrative, particularly in the dynamic Indian market.

time-read
2 mins  |
February 1 - 29, 2024
INDIAN AUTO INDUSTRY GEARS UP FOR GREEN TRANSITION
BUSINESS ECONOMICS

INDIAN AUTO INDUSTRY GEARS UP FOR GREEN TRANSITION

As  India enters into 2024, the automotive sector stands ready to script a remarkable growth narrative. Backed by a buoyant demand in the passenger vehicle segment despite continuing rises in commodity prices, automobile makers are optimistic to embrace new technologies, especially in the electric mobility space which is expected to witness a number of new launches in both four and two-wheeler segments in the coming year.

time-read
7 mins  |
February 1 - 29, 2024
Is Ayodhya emerging as a global destination brand?
BUSINESS ECONOMICS

Is Ayodhya emerging as a global destination brand?

Traditionally, sacred spaces and modern urban landscapes have been perceived as incompatible, akin to oil and water.

time-read
6 mins  |
February 1 - 29, 2024
Canara Banks reports 26.86% YoY growth in net profit, global business up by 9.87% YoY
BUSINESS ECONOMICS

Canara Banks reports 26.86% YoY growth in net profit, global business up by 9.87% YoY

Canara Bank's Net gained by 26.86% YoY in Q3 Cantareata Profit FY24.

time-read
1 min  |
February 1 - 29, 2024
A Tale of Two Economic Crises
BUSINESS ECONOMICS

A Tale of Two Economic Crises

The global financial crisis that unfolded between 2007 and 2009 did not only impact the financial sector but also extended its reach to banks worldwide.

time-read
3 mins  |
February 1 - 29, 2024
"Prospects and Challenges: A Comprehensive Review of the Indian Economy"
BUSINESS ECONOMICS

"Prospects and Challenges: A Comprehensive Review of the Indian Economy"

The Ministry of Finance of the Government of India recently released a document titled 'The Indian Economy A Review' on January 29, representing a distinct departure from the traditional Economic Survey presented before the Annual Budget proposal.

time-read
2 mins  |
February 1 - 29, 2024
IMF's Advice and RBI's Rebuttal
BUSINESS ECONOMICS

IMF's Advice and RBI's Rebuttal

International Monetary Fund (IMF), under its Article IV of the Articles of Agreement, signed in 1944 by the original 29 member countries as well more by later, (now grown to 190) sends its staff, to its member countries for a threeweek visit annually for major economies, which contribute a sizeable proportion of world's GDP, and once in every two years for small economies.

time-read
6 mins  |
February 1 - 29, 2024
Advanced economies losing steam
BUSINESS ECONOMICS

Advanced economies losing steam

globally, advanced economies are facing a significant taking a toll on economic activities worldwide, as noted by the Organization for Economic Cooperation and Development (OECD).

time-read
2 mins  |
February 1 - 29, 2024