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California Biomedical Industry 2011 Report
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2011-01-27
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PWC
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#California Biomedical
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2011_CA_Biomed_Industry_Report.pdf
California Biomedical Industry 2011 Report
California Biomedical Industry Defined
What is an industry? The Google dictionary suggests various definitions : a particular branch of economic or commercial activity; a domain in which a great deal of time and effort is expended; and, simply, “hard work.” Actually, all of these apply to California’s biomedical industry, a broad, diverse field that encompasses scientists, engineers, entrepreneurs, manufacturers, marketers and, as this report makes clear, almost every type of professional. What ultimately brings the industry together, though, is a common purpose: innovation of better medicines, tests and treatments for patients in need.
Despite the rapid proliferation of biotech and medical technology around the world, California remains the industry’s global leader. Over the past decade or so, as other states and nations have striven to discover the secret to creating high-tech jobs, California’s biomedical clusters – from the Bay Area to San Diego – have been studied intensely. How did biotechnology originate in San Francisco? What conditions enabled the new science to flourish? How did basic research make the great leap to successful commercial development? And, perhaps most important of all, what has made the state’s biomedical industry sustainable in the face of growing competition?
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