Northern California Life Sciences Cluster - Highlights:
- Birthplace of Biotechnology - Genentech founded in 1976
- 9 Counties, 101 Cities, 7,000 Square Miles of Land
- 1,377 Life Science Companies
- 250,000 Direct and Indirect Employees
- 100,000 Employed in Life Sciences Directly
- $6B Wages Paid
- 560 Marketed Products
- 463 Products in Phase II and Phase III Clinical Trials
- 95 Publicly Traded Companies
- $144 Billion Market Cap
- $2.2 Billion NIH Grants Awarded to Northern California Organizations
- $860 million invested by Venture Capital firms in Northern California life sciences in 52 Deals
Source: BayBio Industry Overview
California Life Sciences Industry Highlights:
- Number of California biomedical companies: 2,042
- Total estimated revenues: $74.5 billion
- Total estimated employment: 271,000
- Total estimated wages and salaries paid: $20.3 billion
- Average wage: Nearly $75,000
- Total NIH grants awarded: $3.2 billion in 2007
- Total estimated venture capital investment in California biomedical companies: $4.3 billion
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