California Business Minute™

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Hi, I am Tim Johnson and welcome to the California Business Minute.

This week at the Biotechnology Industry Organization International Convention
in San Diego, members from the TeamCalifornia delegation ensured to the rest
of conferee’s the state’s seriousness regarding its’ dominate world position in
biotechnology.

Our state’s rich tradition of innovation and our world-class universities and research
institutions have made California both he biotech capital of America and the biotech
capital of the world.”  ‘The biotech future, much like California’s is one of unlimited
potential and possibility.” said Governor Schwarzenegger in a keynote speech before
the convention.

In addition the BayBio, northern California’s life science association released a report,
California Cures that examines the unique attributes required to maintain the oldest,
largest and most productive life science cluster in the world.

According to the report the biotechnology companies in the state are on the verge of
investing close to $50 billion over the next five years to manufacture 230 treatments
in Phase III that will create 12,000 jobs per year.

I am Tim Johnson and this has been the California Business Minute.

See www.CalBizBlog.com for further details