With reference to the use of nanotechnology in the health sector, which of the following statements is/are correct?

1. Targeted drug delivery is made possible by nanotechnology
2. Nanotechnology can largely contribute to gene therapy

Select the correct answer using the code given below.

Statement 1 is correct: Targeted drug delivery is a promising application of nanotechnology in medicine. Nanoparticles can be designed to carry drugs specifically to diseased cells, reducing side effects and improving treatment efficacy. Statement 2 is correct: Nanotechnology is being explored for gene therapy by creating nanocarriers that can deliver genetic material (e.g., DNA or RNA) into specific cells. This holds the potential for treating various genetic disorders. Therefore, both statements are correct.