SOUTH SAN FRANCISCO, Calif & SAN DIEGO--(BUSINESS WIRE)--BayBio, Northern California’s life sciences association, today released California Cures, a comprehensive report examining the unique attributes required for California to maintain the oldest, largest and most productive life sciences cluster in the world. According to California Cures, the state’s life sciences companies are on the verge of investing close to $50 billion over the next five years to manufacture 230 treatments in Phase III and create more than 12,000 jobs per year in the process. The report also cites the State of California’s lack of a long-term strategy to capture this massive, unprecedented economic opportunity. (Note to Editors: The report complements comments made today by California Governor Arnold Schwarzenegger at the conference).
