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KGI Study Reveals Diverse and Vibrant Regional Bioscience Industry
Date:2/18/2010

CLAREMONT, Calif., Feb. 18 /PRNewswire/ -- The Southern California bioscience industry is robust and diverse, according to a new study by Professor Steven Casper at Keck Graduate Institute (KGI), sponsored by Southern California Edison.

"If you read the popular press on where the bioscience industry is centered, you would conclude that it is in San Francisco, San Diego and Boston," says Casper, KGI's Henry E. Riggs Professor of Management and director of the Master of Bioscience program. "Our study cast a wide net over the local industry. We found that Southern California has a really strong biosciences industry -- more vibrant than commonly assumed."

Even Casper, an expert in biotech clusters, says he was surprised by the findings, which documented 240 research-intensive bioscience companies headquartered in the region, along with 29 subsidiaries of major companies located here -- for total industry employment of 42,756. The study focused only on companies that are actively engaged in research and development -- the total Southern California bioscience industry cluster numbers more than 900 companies.

While the region's volume of bioscience activity is noteworthy, the breadth and diversity within subsectors of the industry is even more significant. Other U.S. cities with successful bioscience clusters tend to be heavily specialized in one segment of the industry, such as biotechnology-related drug discovery or medical devices, the study found. Southern California has developed a balanced portfolio of well-established large compa
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SOURCE Keck Graduate Institute
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