Business and community leaders explore benefits of east Los Angeles biotech park

June 6, 2017

Biotech can improve and extend quality of life, as well as open broad employment opportunities.

Contact: Pamela Madrid (626) 297-7199 or uscnews@usc.edu; or Ron Mackovich (213) 740-6156 or rmackovi@usc.edu

WHEN: Thursday, June 8 from 9:30 a.m. – noon

WHERE: USC Health Sciences Campus, Eli and Edythe Broad CIRM Center for Regenerative Medicine and Stem Cell Research, 1425 San Pablo St., Los Angeles, CA 90033

For hosted parking, enter Biggy parking structure at Biggy Street and Zonal Avenue.

WHO:
C. L. Max Nikias, president, USC
Thomas S. Sayles, senior vice president, USC University Relations
Rohit Varma, dean, Keck School of Medicine of USC
Willie Zuniga, president, Grifols Biologicals
Earl Paysinger, vice president, USC Civic Engagement

WHAT: Biotech is the development of medical devices, delivery systems, and treatments that fight disease and enhance human well-being, allowing people to have many healthy and productive years across the life span. With the use of new high-tech materials, the world of health care is being revolutionized, and opening new opportunities for keeping families healthier.

For every research job created by a biotech park in the east Los Angeles area adjacent to the USC Health Sciences Campus, four more would be created in support roles such as lab technicians, administration, marketing, sales and operations, according to economic studies.

The event will cover the economic and educational benefits of a park, including business development, youth education and career pathways in biotechnology research and development, and health innovations.

According to a report released by Biocom, the biotech industry generates $40.3 billion in annual economic activity in Los Angeles County. Statewide, biotech companies generate nearly $317 billion in annual economic output and support more than 1.1 million jobs.

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