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The USC Stevens Institute for Innovation Opens Shop on USC Health Sciences Campus
Date:10/19/2007

rengthen Southern California's biotech industry. Faculty and researchers at HSC now have seasoned staff available at their doorstep, ready and able to address their needs and help get their life-enhancing and life-saving inventions out to the market."

"It's a big move for the university, and clearly demonstrates a strong commitment to the growth of both the USC Health Sciences Campus and the life science industry here in Los Angeles," said Krisztina Holly, Vice Provost and Executive Director for USC Stevens. "The Los Angeles market is bursting with entrepreneurial talent and culture. As a university, we're in the right place at the right time to significantly impact the life science industry in Los Angeles, now and in the future."

According to the Southern California Biomedical Council (SoCalBio -- http://www.socalbio.org/), the Los Angeles/Orange County metro area has a 36% higher concentration of biosciences employment than other metro areas in the U.S. Most notably, the LA region is first among U.S. metropolitan areas in medical device sector employment and second in bioscience research, testing and labs. According to the PricewaterhouseCoopers MoneyTree Report, LA/Orange County is 10th in the nation for Biotechnology Venture Capital funding, the highest since 2001.

About the USC Health Sciences Campus

Located three miles from downtown Los Angeles and seven miles from the University Park campus, USC's Health Sciences campus is a major center for basic and clinical biomedical research, especially in the fields of cancer, gene therapy, the neurosciences and transplantation biology. The 61-acre campus is home to the region's first and oldest medical and pharmacy schools, as well as to acclaimed programs in occupational therapy (ranked #1 by U.S. News & World Report) and physical therapy.

In addition to Los Angeles County and USC Medical Center, which is one of the country's larges
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