2015 California Biomedical Industry Report – Page 2
California’s life sciences industry is built on, and fueled by, world-class universities and ground-breaking biomedical research. According to the Shanghai Index, California has 11 of the world’s top 100 schools. New York is the next closest with five.
One of the pillars of the life sciences infrastructure is a well-educated workforce. In 2012, California universities produced more than 6,000 doctorates in the science and engineering fields, including more than 1,200 in the life sciences. These newly minted scientists will be among the next generation of trailblazing entrepreneurs.
In labs throughout the state, California’s academic researchers attract billions of dollars in grants from the
National Institutes of Health (NIH) and other entities. For federal fiscal year 2014, California institutions received more than 7,400 grants, totaling $3.3 billion, a 15.4 percent share of all NIH grants distributed. Massachusetts is the second most active state, with a 10.8 percent share. Among California institutions UC San Francisco, UC San Diego and Stanford lead the pack, bringing in a combined $1.28 billion of NIH funding.
Looking at the top ten Congressional districts for NIH funding, aggregated by region, the San Francisco Bay Area tops the list with more than $1.23 billion. After that, Los Angeles and Orange County come in at $733 million, followed by San Diego at $540 million and Sacramento/Davis at $187 million.
The True Measure of Success
While economic growth is important for any industry, life sciences brings an added dimension to the table — new technologies and treatments that help people worldwide.
In 2014, California companies filed 1,205 investigational new drug (IND) applications.* Many of these emerging therapies are designed to treat cancer, infectious diseases and central nervous system disorders. Overall, the California life sciences industry has an impressive record of developing new treatments that improve survival and quality of life for millions around the world.
*through Sept. 5, 2014