The biomedical and biotech industry is a top provider of jobs in California, but that leadership could soften, according to a report released Thursday by the California Healthcare Institute and PricewaterhouseCoopers, the Los Angeles Daily News reports.
About 2,700 biomedical companies employ 258,600 people in-state, more than Hollywood, telecommunication and aerospace.
But three out of four biomed and biotech companies plan to expand their manufacturing capacity out of state, taking many jobs with them. A smaller number of companies are looking to expand research and administrative positions outside California.