BILL ANALYSIS Ó
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Date of Hearing: April 7, 2016
ASSEMBLY COMMITTEE ON RULES
Gordon, Chair
SCR
120 (Hill) - As Introduced March 16, 2016
SENATE VOTE: 36-0
SUBJECT: Biotechnology Day
SUMMARY: Declares April 7, 2016, and every April 7 thereafter,
as Biotechnology Day in California. Specifically, this
resolution makes the following legislative findings:
1)California is the global leader in the life sciences industry
and is home to the entire continuum of the life sciences
industry, including world class universities, basic research
centers, biotechnology start-ups, and anchor biopharmaceutical
companies.
2)Currently there are 2,848 life sciences companies in
California, with 212 more companies than in 2014, generating
$130 billion in revenue.
3)All over the State of California, life sciences companies
employ 281,000 people, with concentrations in the San
Francisco Bay area, San Diego, Orange County, and Los Angeles.
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4)California companies have 1,235 potential new medicines in the
pipeline and life science innovations have a tremendous impact
on the world's health and well-being. New medicines and
technologies emerging from California companies and research
institutions are likely to have a remarkable impact on the
health of the world's population and help those afflicted with
serious diseases, such as cancer, cystic fibrosis, heart
disease, multiple sclerosis, and rheumatoid arthritis.
5)In the early 1970's, Herb Boyer at the University of
California and geneticist Stanley Cohen at Stanford University
pioneered a new scientific field called recombinant DNA
technology and together with Bob Swanson, a venture
capitalist, founded the first biotechnology company,
Genentech, in South San Francisco.
6)Genentech, a member of the Roche Group, remains the leader in
the biotechnology industry and continues to advance its
mission of transforming the lives of people with serious
diseases.
7)The biotechnology industry generates nearly $259 billion in
economic activity in California, provides more than one
million jobs, and is the source of billions of dollars in
state and local tax revenue.
FISCAL EFFECT: None
REGISTERED SUPPORT / OPPOSITION:
Support
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None on file
Opposition
None on file
Analysis Prepared by:Nicole Willis / RLS. / (916) 319-2800