California Life Sciences Association (CLSA), the trade association representing California’s life sciences industry, today 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 NIH. Produced with PwC US, 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 PhDs, VC investment and potential drugs in the pipeline.
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