The Golden State is the home of many firsts for the life sciences sector – the first biotechnology company, the first biotechnology public offering, the first biotechnology drug approved by the FDA, the first companion diagnostic company and the first agricultural biotechnology company – just to name a few.
With over 242,000 Californians directly employed by the life sciences sector, the State boasts the largest biotech workforce in the nation, generating nearly $259 billion in economic activity for California.
Southern California, in particular, has evolved into one of the world’s largest life science hubs. The region has more than 1,100 life sciences companies and more than 80 independent and university affiliated research institutes. With one of the highest concentration of biotech companies, academic research institutions and talented labor forces in the world, SoCal is a major driver of global life sciences research, development, manufacturing, and commercialization.