#pharmaceutical companies in san diego
“San Diego is home to more BD associates than any other city in the world. The region not only offers a great place for associates to live, but it is also home to world-class health care facilities, great universities and many innovative companies that create a highly educated talent pool and opportunities for unique collaborations.”
Bill Kozy, Executive VP COO, BD
Feb. 1, 2016
The life sciences industry is a major driver of the innovation economy in the San Diego region. The region has more than 1,100 life sciences companies and more than 80 research institutes. The research institutes – along with University of California San Diego, San Diego State University and other major universities in the region – provide the sector with breakthrough technologies that fuel company growth and product development. Major pharmaceutical companies including Pfizer, Johnson Johnson, GlaxoSmithKline and Merck maintain a presence in San Diego to foster collaboration with major research institutions. universities and smaller biotech companies. These unique assets, combined with one of the most talented labor forces in the world, make San Diego one of the top life sciences markets in the world.
Industry Highlights Contributions
- Life sciences activity accounts for more than $31.8 billion in total economic impact in San Diego.
- In 2014, more than 1,100 San Diego County companies employed more than 34,000 in direct life sciences employment – biomedical devices, biotechnology and pharmaceuticals. That number increases to more than 51,000 employees if related industries like biofuels, alternative energy, education, and other related support jobs are included.
- San Diego County higher education institutions produce more than 7,000 STEM graduates annually fueling the growth of the industry.
- Life sciences employees on average earn more than $134,000 annually, more than any other traded cluster in San Diego County.
- Venture capital investment in life sciences in San Diego County totaled more than $550 million in 2014. Biotechnology received more than any other industry in San Diego.
By the Numbers