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Article: California Healthcare Institute and PricewaterhouseCoopers Study Shows Economic Impact of Biomedical Industry in Southern California.
- Article from:
- Business Wire
- Article date:
- February 21, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors & Health/Medical Writers
BIOWIRE2K
LA JOLLA, Calif.--(BW HealthWire)--Feb. 21, 2002
The expanding biomedical industry in Southern California is a rich source of economic vitality, fueling more than 125,000 high-wage jobs with an average annual salary of more than $50,000, according to a report issued today by the California Healthcare Institute (CHI) and PricewaterhouseCoopers (PwC).
Survey respondents reported more than 500 new medicines, medical devices and diagnostics in development.
"Our data indicate that the future of biomedical R&D in Southern California is wonderfully promising, but it is far from ...