As one of the most research intensive industries in the world, California biotech companies invest in discoveries for medicines and devices that shape the future of healthcare throughout the world.

Biotech creates treatments and cures for diseases that were once considered a death sentence. At the state level, California is particularly competitive in Biopharmaceutical Manufacturing; Medical Devices and Diagnostic Equipment; and Research activities. In 2017, State companies and institutions received almost $3.8 billion in new research awards from the National Institutes of Health.