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What is bioprospecting?

What is bioprospecting? Here are some definitions.

Noun
  1. (biology) The methodical search for novel pharmaceutical (and other) products from plants and microorganisms.
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Moreover, new problems are emerging from sources such as offshore aquaculture, wind energy development, bioprospecting, and ever-deeper oil and gas exploration.
Conservationists, however, say the challenge is to design models for bioprospecting that link such discoveries to conservation.
The search for biologically active natural products is sometimes referred to as biodiversity prospecting or bioprospecting.
It requires a good idea of where to go searching, patience and a dose of good luck, but with bioprospecting the ultimate prize is perhaps more valuable than gold.
Here are the seeds of the contemporary bioprospecting and biotechnology industries.
It oversees the permits and insures that no harm results from bioprospecting.

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