2020 Life Sciences Sector Report from CLSA Shows Strong Growth in Jobs, Investments and Therapeutic Pipeline in California

SAN FRANCISCO, SACRAMENTO, SAN DIEGO, Calif. & WASHINGTON–(BUSINESS WIRE)–Oct 7, 2020–

California Life Sciences Association (CLSA), the trade association representing California’s life sciences industry, today released the 2020 California Life Sciences Sector Report, which shows that California’s life sciences sector directly employed 323,723 people, generated $191.6 billion in revenue, is projected to attract $6.5 billion in venture capital (VC) and received $4.5 billion in funding from the NIH. Produced with PwC US, the 2020 snapshot highlights the strength of California’s biomedical sector – the largest cluster in the world – as evidenced by significant increases in employment, earnings, graduating science and engineering PhDs, VC investment, and potential new drugs and medical devices in the pipeline.

Key Highlights from 2020 California Life Sciences Sector Report

  • 4.0% increase in total life sciences jobs (up more than 12,000 from prior year), with companies directly employing 323,723 Californians – the most in
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House Passes Bills to Boost Emerging Tech and Shore Up Cybersecurity of Electric Sector

A batch of bills aimed at improving the cybersecurity and reliability of the energy sector and informing the United States’ use of emerging technologies, such as blockchain and quantum computing, passed the House Tuesday and now head to the Senate for consideration. 

Here’s a rundown on what the bills do.

Grid Security Research and Development Act

With this bill, Reps. Ami Bera, D-Calif. and Randall Weber, R-Texas, propose that Congress put over $800 million within the next five years toward developing tools and resources to strengthen the cybersecurity and reliability of the electric grid. The legislation is meant to make the energy sector more resilient to cyberattacks and physical impacts associated with climate change, such as the recent wildfires on the West Coast.

It calls on the secretary of Energy to establish research and development plans working with the National Science Foundation and the Department of Homeland Security’s Science and

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Sanctions-hit Huawei ramps up investment in Chinese tech sector

SHANGHAI (Reuters) – Huawei Technologies has built up stakes in Chinese semiconductor companies and other tech businesses as the world’s largest telecoms equipment maker bolsters its supply chain in the face of pressure from the United States.

FILE PHOTO: The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong province, April 17, 2012. REUTERS/Tyrone Siu

Habo Investments, set up by Huawei in April 2019, has closed 17 deals for stakes in Chinese tech companies since August last year, public records show.

The investment arm was established in response to what Huawei’s rotating chairman, Guo Ping, last week described as “suppression” by the United States after escalating restrictions that have cut off Huawei’s supplies of many overseas chips and effectively barred it from building its own.

“Since Huawei is only one company, we use investment and technology to help our supply chain partners become mature,”

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Ghana hails SGCI’s role in transforming the country’s Science and Technology sector

The government of Ghana has hailed the extraordinary role that the Science Granting Councils Initiative (SGCI) has played over the last five years in helping transform Science, Technology and Innovation (STI) in the country.

Special Advisor to the Minister of Environment, Science, Technology and Innovation, Oliver Boachie in an interview said Ghana’s participation in SGCI has seen the nation benefit from capacity building initiatives, as well as other support aimed at putting STI at the center of national development.

“We have received training on research management using grant management systems. That is a whole process of issuing calls for proposals, receiving proposals, vetting, allocation of resources, management of the resources, tracking of the output and so on.”

The SGCI is a multi–funder Initiative aimed at strengthening the capacities of 15 Science Granting Councils in Sub-Saharan Africa in order to support research and evidence-based policies that will contribute to economic and

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Refinitiv Lipper Chart Of The Week: Tech Sector Funds Fall Out Of Favor

Funds in Refinitiv Lipper’s Science & Technology (tech sector) classification (including both mutual funds and ETFs) suffered net outflows of $1.3 billion for the fund-flows week ended Wednesday, September 23. This was the tech sector fund group’s fifth largest one-week net outflow in its history (Refinitiv Lipper began tracking fund flows data in 1992). As could be expected from this peer group, its performance (both from a fund flows and total return perspective) has mirrored that of the technology-heavy NASDAQ Composite Index.

Similar to the majority of fund asset groups, tech sector funds were hit hard when the impact of COVID-19 took hold near the end of the first quarter. The group closed Q1 with four straight weekly net outflows that reduced their coffers by $1.8 billion. The peer group’s performance followed suit as it retreated 11.1% in March, which was slightly worse than the NASDAQ Composite which finished the

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On Arewa Youths Call For Increased Funding For Science And Technology Sector

 

The Arewa Youth for peace and security after performance evaluation of all the components of the Nigerian government during the COVID-19 Pandemic, have appealed to the federal government to increase budgetary allocation to the Federal Ministry of Science & Technology.

This is going by the unalloyed roles they played through two of their parastatals namely; The Raw Materials Research & Development Council, National Science & Technology Incubation Centre and the Sheda Science & Technology Centre.

They played patriotic roles by producing facemasks, ventilators and hand sanitizers at the onset of COVID-19, which in no small way eased tensions related to the scarcity of ventilators that led to the demise of some patients quarantined at the various isolation Centres across the country, who required ventilators to breathe at a time when it was scarce.

Digressing on the evaluation report made available to stakeholders by the group’s image maker, Salihu Dantata Mahmoud

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