In your state

California

In the development of new medicines, clinical trials are conducted to prove therapeutic safety and effectiveness and compile the evidence needed for the Food and Drug Administration (FDA) to approve treatments. And the biopharmaceutical sector is committed to bringing new treatments and cures to patients. This commitment to innovation supports high-quality jobs and is a vital part of every state’s economy and our global economic competitiveness.

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Economic Impact In Your State: California

The overall economic impact of the biopharmaceutical industry on the U.S. economy is substantial. The biopharmaceutical industry accounted for more than $1.3 trillion in economic output, representing 4.0 percent of total U.S. output in 2015. This total economic impact includes $558 billion in revenues from biopharmaceutical businesses and $659 billion from suppliers and worker spending.