Growth of State’s Biomedical Industry Slows, Report Finds
Growth in the state's biomedical industry has slowed because of the economic recession, according to a new report by the California Healthcare Institute. The report found that California biomedical businesses and research generated $74.5 billion in revenue in 2007, up about 2% from 2006. Over the same period a year earlier, the state's biomedical industry grew by nearly 20%.
- "Growth in California's Biomed Industry Stalls" (Wohlsen, AP/San Diego Union-Tribune, 1/29).