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CLSA Wire

2014 California Biomedical Industry Report
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California’s biopharmaceutical and medical device employment grew by two percent from 2008-2012, according to the 2014 California Biomedical Industry Report, published by CHI and PwC US. In addition, California is projected to receive the largest share of life sciences venture capital funding in the nation during 2013, with 45 percent of all medical device and biopharmaceutical funding expected to go to California-based companies. The report found that California’s biomedical industry generated more than $96 billion in revenues in 2012, and directly employs 267,000 people with average annual salaries of more than $95,000.

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