California Life Sciences Association (CLSA), the leading voice to drive innovation for California’s life sciences sector, and PwC US today released the 2016 California Life Sciences Industry Report. The annual report indicates that California’s life sciences sector has a profound impact on the state’s economy, showing industry increases in the areas of sector employment growth, wages, research funding and life sciences venture investment.
The new report suggests that while biopharmaceutical and medical device employment in numerous top-ranked biotech states, including New York and Massachusetts, has decreased in recent years, sector employment in California grew by six percent between 2010 and 2014. Overall, California’s life sciences sector directly employed 281,000 people in 2014 and indirectly employed another 581,000 – totaling nearly one million people employed due to life sciences innovation by Californians.