California Biomedical Industry - California Healthcare Institute

Report authors hereDavid L. Gollaher, Ph.D.President and CEOCalifornia Healthcare InstituteTracy T. LefteroffNational Life Sciences PartnerPricewaterhouseCoopers LLPGail MaderisPresident and CEOBayBioProject TeamNicole BeckstrandCalifornia Healthcare InstituteLambert ShiuPricewaterhouseCoopers LLPTravis Blaschek-MillerBayBioMolly IngrahamCalifornia Healthcare InstituteOusmane CabaPricewaterhouseCoopers LLPJeremy LefflerBayBioWritingChristi WhittemoreStellar Road Copy WorksEconomic AnalysisJack Rodgers, Ph.D.PricewaterhouseCoopers LLPKristen SoderbergPricewaterhouseCoopers LLPCHI-California Healthcare InstituteCHI-California Healthcare Institute is a non-profit public policy research organizationfor California’s biomedical R&D industry. CHI represents more than 250 leadingmedical device, biotechnology, diagnostics and pharmaceutical companies andpublic and private academic biomedical research organizations. CHI’s mission isto advance responsible public policies that foster medical innovation and promotescientific discovery.California Healthcare Institute888 Prospect StreetSuite 220La Jolla, CA 92037Phone: (858) 551-6677www.chi.orgPricewaterhouseCoopers Pharmaceutical and Life SciencesIndustry GroupPricewaterhouseCoopers Pharmaceutical and Life Sciences Industry Group (www.pwc.com/pharma or www.pwc.com/medtech) provides assurance, tax and advisoryservices to proprietary, generic and specialty drug manufacturers, medical device andinstrumentation suppliers, biotechnology companies, wholesalers, pharmacy benefitmanagers, contract research organizations, and industry associations. The firm isdedicated to delivering effective solutions to the complex strategic, operational,and financial challenges facing pharmaceutical, biotechnology and medical devicecompanies. More than 163,000 people in 151 countries across our network sharetheir thinking, experience, and solutions to develop fresh perspectives and practicaladvice.Tracy Lefteroff, PartnerPricewaterhouseCoopers LLP10 Almaden Blvd.Suite 1600San Jose, CA 95113Phone: (408) 817-3700BayBioAttila Karacsony, DirectorPricewaterhouseCoopers LLP400 Campus DriveFlorham Park, NJ 07932Phone: (973) 236-5640BayBio is Northern California’s life science association. We support the regionalbioscience community through advocacy, enterprise support, and enhancement ofresearch collaboration. We maintain Northern California’s leadership in life scienceinnovation by supporting entrepreneurship, science education and life science careerdevelopment through the BayBio Institute. Our members include organizationsengaged in, or supportive of, research, development and commercialization of lifescience technologies.BayBio400 Oyster Point Blvd., Suite 221South San Francisco, CA 94080Phone: (650) 871-7101©2011 CHI-California Healthcare Institute. All rights reserved. Published by CHI-California Healthcare Institute, 888 ProspectStreet, Suite 220 La Jolla, California 92037. No part of this book may be reproduced, stored in the retrieval system andtransmitted in any form or by any means, electronic, mechanical, photocopying, microfilming, recording and otherwise without thepermission of the copyright holder.©2011 PricewaterhouseCoopers LLP. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP,a Delaware limited liability partnership, which is a member firm of PricewaterhouseCoopers International Limited, each memberfirm of which is a separate legal entity. This document is for general information purposes only, and should not be used as asubstitute for consultation with professional advisors. MW-11-0163 jat