{"id":51511,"date":"2022-12-02T17:02:03","date_gmt":"2022-12-02T16:02:03","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/life-science-industry-in-california-generates-376-billion-annually\/"},"modified":"2022-12-02T17:02:03","modified_gmt":"2022-12-02T16:02:03","slug":"life-science-industry-in-california-generates-376-billion-annually","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/life-science-industry-in-california-generates-376-billion-annually\/","title":{"rendered":"Life Science Industry in California Generates $376 Billion Annually"},"content":{"rendered":"
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SOUTH SAN FRANCISCO, Calif. & LOS ANGELES & SAN DIEGO–(BUSINESS WIRE)–Biocom California, the association representing the California life science industry, today released a new report showing <\/b>California\u2019s life science industry provides more than 400,000 jobs in the state and generates $376 billion in total economic output. Biocom California’s 2022 Economic Impact Report Databook<\/a> outlines these and other key findings about the state\u2019s life science industry, including information on economic, demographic, investment and industry performance data. The full report analysis and regional fact sheets are available on the Biocom California website.\n<\/p>\n

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\n\u201cCalifornia continues to be the leading innovation hub for the life science industry and the 2022 Economic Impact Report provides key data on the impact it has on the state and regional economies,\u201d said Joe Panetta, president and CEO of Biocom California. \u201cOver the last few years, and especially during the COVID-19 pandemic, the life science industry experienced an influx of investment interest and NIH funding for the sector. It\u2019s clear the work the industry does every day has a significant impact on California, providing high-paying jobs directly and indirectly across the state.\u201d\n<\/p>\n

\nKey facts from the report include the following:\n<\/p>\n