2019 Life Sciences Industry Report Shows Strong Jobs Growth, Investments, Therapeutic Pipeline in California
Friday, August 02, 2019
California Life Sciences Association (CLSA), the trade association representing California’s life sciences industry, released the 2019 California Life Sciences Industry Report, which shows that California’s life sciences sector directly employed 311,226 people, generated $178 billion in revenue, is projected to attract $7.6 billion in venture capital (VC) and received $3.9 billion in funding from the National Institutes of Health. Produced with PricewaterhouseCoopers U.S., the 2019 snapshot highlights the strength of California’s biomedical industry—the largest cluster in the world—as evidenced by significant increases in employment, earnings, graduating science and engineering Ph.D.s, VC investment and potential drugs in the pipeline.
Category: Economic Development, Life Sciences