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Tuesday, March 11, 2014

Nine reasons why the biotech world loves L.A.

Los Angeles - biopharma business hub
Magazines love to use numbers in titles to attract attention. You know the kind, “Top Ten Tips for Trimmer Hips”, “Six Ways to Slim for Swimsuits”, “Five Steps to Perfect Abs”. But here’s a headline you probably won’t see on a magazine cover in the supermarket checkout line – Top 10 U.S. Biopharma Clusters. But it certainly caught our attention, particularly as three of the top ten are here in California.

The ranking comes from the magazine GEN, which reports on genetic engineering and biotechnology news – not a big seller at Safeway or Piggly Wiggly though you can spot one in just about any lab you visit. They based their ranking on the number of patents awarded in a region, the amounts of NIH grant funding and venture capital funding it attracted, the total lab space in the region, and the number of jobs in the field.

There were the usual suspects in the top three with San Francisco heading the list (again - hurrah), followed by Boston/Cambridge and San Diego. But there was a new entry from California with Los Angeles coming in at number 9. L.A. broke into the top ten based on a number of factors according to the magazine:
“the Los Angeles region has some notable employers, from Amgen in Thousand Oaks, to California Institute of Technology (Caltech) in Pasadena, and UCLA in, where else? Together they employed 23,054 people in “biomedical” positions (California Biomedical Industry Report 2013), giving the region one of the smallest workforces among the top-10. LA placed ninth in NIH funding ($65.4 million) but climbed to the middle of the pack in patents granted (550).”
Just as the stem cell agency has played a key role in making San Francisco and San Diego major players in the field, we also been instrumental in helping make L.A. a player with hundreds of millions of dollars in stem cell research funding for UCLA ($213m), USC ($106m), Cedars-Sinai Medical Center ($41m), Children’s Hospital of Los Angeles ($17.5m) among others.

If you are judged by the company you keep, we are keeping very good company indeed.

kevin mccormack
at

1 comment:

  1. AnonymousMarch 11, 2014 at 4:27 PM

    The $13 Million Matter of DR3-07201: Allegations of Conflict of Interest at the California Stem Cell Agency

    What is missing, however, are important specifics about the matter. They are cloaked by the agency's rules that conceal most of the CIRM grant review process, including the names of applicants along with the identities of reviewers and their economic and professional interests. Also shrouded are the details of any complaints about conflicts of interest as well as any other appeals.

    Our take: The stem cell agency's appeal process ill serves the California public, grant applicants and CIRM itself. The $3 billion agency's reliance on secrecy only raises more questions about cronyism and unfairness, some of which have dogged CIRM since its inception. The recent flap over the $40 million genomics round is only the most recent example. Roughly 90 percent of all the cash handed out by CIRM has gone to institutions that are represented on its governing board, which sets the rules for the grant-making process and determines the nature of the grants. The board's conflicts are built in by Prop. 71, the measure that created the agency in 2004. The only genuine way to ameliorate the issue is with more transparency.

    http://californiastemcellreport.blogspot.com/2014/03/the-13-million-matter-of-dr3-07201.html


    yeah what's not to love......

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