Like BIOCOM, California Life Sciences Association Extends Reach into L.A.Tuesday, September 27, 2016
Local trade group California Life Sciences Association is expanding its footprint to Los Angeles, with a new L.A. office and partnerships with LA BioMed and Lab Launch.
The organization, which currently splits its headquarters between San Diego and San Francisco, is the largest life science trade group in the state. Now, it’s filling in the space between the Bay and San Diego.
“Los Angeles is home to numerous world-class research universities, teaching hospitals, biomedical research organizations and start-up firms,” said Sara Radcliffe, president and CEO of California Life Sciences Association (CLSA), in a statement. “The region also boasts thousands of gifted scientists and a highly skilled talent pool of life sciences graduates, many with advanced degrees.”
The two partnerships are meant to help CLSA “enhance the visibility” of the L.A. region as a competitive life sciences cluster, according to a CLSA statement.
LA BioMed, a biomedical research institute, and bioscience incubator Lab Launch will use CLSA’s network, resources, and commercialization services to help foster biotech startups.
“This partnership will encourage research discoveries from Los Angeles’ universities to stay in Los Angeles, grow into successful businesses, employ staff from the area, and lay down a strong foundation for the 21st century economy,” said Llewellyn J. Cox, CEO of Lab Launch, in a statement.
As part of the agreement with Lab Launch, CLSA will open its new office in Monrovia. The new location will bolster CLSA’s current work in Los Angeles County, including political advocacy, special industry events, and professional development to create a thriving life sciences sector in Los Angeles, according to the release.
CLSA joins San Diego biotech group BIOCOM in the trend, which expanded to Los Angeles in April of this year.
In San Diego, BIOCOM has fostered one of the largest, most active life science clusters in the world. They are now working to do the same for our neighbors to the north.
At the time of the announcement, BIOCOM’s president and CEO Joe Panetta said the trade group would advocate for the industry, and be a voice for venture capital funding, partnerships, tech transfer, and talent retention in L.A.
“We recognize a trend of entrepreneurs taking innovations they discovered in Los Angeles to companies in other parts of the country for further development and commercialization,” Panetta said. “As an experienced industry organization, BIOCOM can help bring together the elements needed to create a thriving life science community in Los Angeles."