For a Python library that intends to provide a level of abstraction more appropriate to bioinformatics use cases see https://github.com/biolink/ontobio/
Of course, it's always possible to use an RDF level library such as rdflib, but this can be low-level for OWL. Even simple bio-ontologies often make frequent use of existential restrictions and axiom annotations.
And of course it's possible to use a python-jvm bridge to access the fully featured java OWL API.