Biocom California and Los Angeles County Economic Development Corporation Renew Memorandum of Understanding to Advance the Greater Los Angeles Life Science Ecosystem
Biocom California, the association representing the California life science industry, and the Los Angeles County Economic Development Corporation (LAEDC), a leader in inclusive economic growth, today announced the renewal of a Memorandum of Understanding (MOU) aimed at strengthening the life science ecosystem in the Greater Los Angeles region.
'Greater Los Angeles is home to a thriving life science cluster, powered by world-class research institutions and a diverse, innovation-driven economy,' said Dan Gober, Executive Director, Los Angeles of Biocom California. 'This renewed partnership with LAEDC enables us to double down on the commitment we made when we first opened our Greater LA office in 2015 to address the unique needs of the LA life science community, connect it with complementary regional hubs across Southern California, and ensure that groundbreaking discoveries made here stay and scale here.'
Under the MOU, Biocom California and LAEDC will collaborate on strategic programs and initiatives to support growth and innovation in Los Angeles County's bioscience sector. Key objectives include aligning resources and networks to:
Los Angeles County is a critical player in the global bioeconomy, bolstered by internationally renowned institutions such as UCLA, USC, Cedars-Sinai Medical Center, Caltech and City of Hope. The region is home to more than 3,966 life science establishments, providing close to 200,000 jobs and generating over $60 billion in economic output. In 2024 alone, the region secured $1.51 billion in federal funding from the NIH and NSF, underscoring its prominence as a center of scientific advancement.
'LAEDC's partnership with Biocom California reflects our shared vision for inclusive and sustainable economic growth driven by innovation,' said Stephen Cheung, president and CEO of LAEDC. 'The life sciences are essential to that vision: delivering transformative health outcomes, creating quality jobs, and strengthening our position in global markets. Together, we will continue to support and elevate this high-impact industry throughout Los Angeles County.'
The MOU also outlines collaboration on signature events, joint policy and workforce initiatives, and the implementation of the LA County Bioscience Strategic Plan. Both organizations will engage public and private stakeholders, leveraging their unique assets to accelerate the life sciences sector's impact on local communities and the broader economy.
About Biocom California
Biocom California is the leader and advocate for California's life science sector. We work on behalf of our members to drive public policy, build an enviable network of industry leaders, create access to capital, introduce cutting-edge STEM education programs and create robust value-driven purchasing programs.
Founded in 1995 in San Diego, Biocom California provides the strongest public voice to research institutions and companies that fuel the local and state-wide economy. Our goal is simple: to help our members produce novel solutions that improve the human condition. In addition to our San Diego headquarters, Biocom California operates core offices in Los Angeles and the San Francisco Bay Area, with satellite offices in Sacramento, Washington, D.C. and Tokyo. Our broad membership benefits apply to biotechnology, pharmaceutical, medical device, genomics and diagnostics companies of all sizes, as well as to research universities and institutes, clinical research organizations, investors and service providers.
For more information on Biocom California, please visit our website at www.biocom.org. Connect with us on LinkedIn, Facebook and X.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250721696957/en/
CONTACT: Biocom California Media Contact:
Carolyn Hawley
Inizio Evoke Comms
(619) 849-5382
[email protected]
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES GENETICS OTHER SCIENCE SCIENCE PHARMACEUTICAL BIOTECHNOLOGY
SOURCE: Biocom California
Copyright Business Wire 2025.
PUB: 07/21/2025 02:18 PM/DISC: 07/21/2025 02:18 PM
http://www.businesswire.com/news/home/20250721696957/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
C3 Risk & Insurance Services Announces Industry Expert Mike Bialik as President of Employee Benefits
17-year industry veteran aims to reshape benefits strategies and build trust through opportunity SAN DIEGO, July 21, 2025--(BUSINESS WIRE)--C3 Risk & Insurance Services is taking its employee benefits services to the next level with the hiring of Mike Bialik as its new President of Employee Benefits Division. After building a strong foundation for their employee services team over the past few years, the San Diego-based specialty insurance brokerage firm has brought in marquee talent with Bialik, positioning them to become a national force in employee benefits services. Prior to joining C3, Bialik was the area president of employee benefits at the top publicly traded firm in the country. In that role, Bialik managed a team of 60 benefits specialists serving more than 300 clients, helping him build a reputation for his outstanding commitment to servant leadership and ability to build genuine relationships with people. "With the infrastructure of our employee benefits team put into place, it was time to find the next leader who could really help us take our client service offerings to the next level. We knew Mike was our guy, so we made sure we had the right team in place that would allow him to truly shine at C3," said Jamie Reid, Chairman of C3 Risk & Insurance Services. "Mike's experience and reputation in the industry is going to enable C3 to continue attracting top talent so we can continue bringing the highest level of service to our clients as we grow into more of an industry leader in the employee benefits space." As President of the Employee Benefits Division, Bialik will take control of a newly constructed team eager to make waves in the employee benefits space. Bialik has developed a specific vision for C3's employee benefits division, seeing the challenge of managing costs for employee benefits as an opportunity for innovative solutions that lead to localized, client-focused strategies. Bialik aims to significantly grow the employee benefits division over the next five to seven years, something he feels is achievable thanks to the organization's diligence in putting the right people in place before he was even hired. He is driven by the philosophy that "growing is caring," and wants to build systems for his team that create meaningful career advancement as the division grows. "The people that I met, the firm's reputation in the marketplace, and the fact that the firm is nimble and entrepreneurial in nature, really excited me to work with C3. It's clear this is a place where I can build something special," said Bialik. "What excites me most about employee benefits is the opportunity to be better. I think with costs going up the way they have in the benefit space for the past few years, it's becoming unaffordable for a lot of businesses to continue offering meaningful benefits. So what excites me is how we can be on the forefront of bringing innovative solutions to our clients." Bialik's hiring signals C3's emergence as a premier broker of employee benefits while maintaining its reputation as a provider of A-grade core services. Bringing Bialik into the fold signals to the rest of the industry that C3 is serious about employee benefits and shows its gearing up to become a force within the benefit space. For more information about C3 Risk & Insurance Services, visit ABOUT C3 RISK & INSURANCE SERVICES C3 is a San Diego-based, privately held insurance brokerage firm founded in 2017. With decades of industry experience, C3 takes a fresh, discovery-driven approach to risk—crafting proactive strategies to prevent loss and resolving complex claims quickly. Its innovative model and commitment to clients and employees have made C3 one of the fastest-growing insurance firms in the country. Learn more at EDITOR: Click this link to download Mike Bialik's courtesy of C3 Risk & Insurance Services View source version on Contacts Media Contact: Scatena Daniels CommunicationsAnn Marie Price, annmarie@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Digital Trends
26 minutes ago
- Digital Trends
Explore Tesla's first-ever diner in this walk-through video
Tesla has just thrown open the doors of its brand new diner in Hollywood, California, a place that Tesla chief Elon Musk promised will be 'an island of good food, good vibes and entertainment, all while Supercharging.' As the restaurant and Supercharger facility welcomed its very first guests on Monday night, Tesla shared a video tour of the plush new diner on X. You can watch it below. Tesla Diner & Supercharger in Hollywood, LA Open 24/7, starting now — Tesla (@Tesla) July 21, 2025 The walk-through takes you around the stylish dining area and up to the rooftop where visitors can relax with a drink and even watch a film on one of the two large movie screens down in the parking lot. Recommended Videos You'll also glimpse a Tesla bot — also known as Optimus — Tesla's humanoid robot. However, rather than working at the bar or serving drinks, it's been placed inside a display cabinet. Clearly it's not quite ready for showtime. Before the opening, Musk shared a drone shot of the new diner. In an accompanying comment, he said that if this first Tesla Diner proves popular, the company will open more of them 'in major cities around the world as well as at Supercharger sites on long distance routes.'
Yahoo
38 minutes ago
- Yahoo
Tesla faces temporary sales suspension in California
Tesla faces temporary sales suspension in California originally appeared on Autoblog. DMV Takes Aim At Tesla's Autopilot Ads Tesla has long called its most sophisticated driver-assist features "Autopilot" and "Full Self-Driving," which is inaccurate as neither system allows for autonomous driving. Now the automaker might finally face serious consequences for this practice. First reported by Electrek, Tesla could temporarily lose its license sell cars in California amid a lawsuit brought by the state's DMV, which alleges that the automaker is misrepresenting the capability of its driver aids, constituting false advertising. The DMV is looking to suspend Tesla's ability to sell cars in California for 30 days. That would be a major blow to the automaker. Tesla Accused Of Exaggerating Tech's Capabilities According to Electrek, the California DMV has been investigating Tesla for misleading customers about the capabilities of its driver-assist tech since 2021. The agency is reportedly concerned not only about the names of the features, but about statements by the automaker, such as one claiming that such tech "is designed to be able to conduct shot and long-distance trips with no action required by the person in the driver's seat." The California DMV also flagged a public statement from Tesla in which the automaker claims that "all you need to do is get in and tell your car where to go." In response, Tesla has reportedly argued that in-car warnings for drivers to stay attentive at all times are sufficient to prevent customers from misconstruing the capabilities of its driver-assist systems. That doesn't seem to have been a convincing argument as, during a five-day court hearing on the matter, the California DMV said that it is seeking a suspension of Tesla's manufacturer and dealer license "for not less than 30 days," as well as financial restitution, with an amount to be determined at a future hearing. More Trouble For Tesla This isn't the first time Tesla has faced scrutiny from government agencies over the way it's portrayed its driver-assist tech to customers. In 2021, Jennifer Homendy, chairwoman of the National Transportation Safety Board (NTSB), called Tesla's Full Self-Driving nomenclature "misleading and irresponsible." The federal government has also investigated Tesla driver aids multiple times in recent years, including one earlier this year of the "Smart Summon" remote parking feature involving 2.6 million vehicles. But where previous investigations have usually resulted in recalls or orders to address potential safety faults, this lawsuit could impact Tesla's already-declining sales. California is not only the biggest market for EVs in the United States, but the biggest market for new cars overall. Even a short suspension of sales is not what the automaker needs. Tesla saw a big year-over-year sales drop in the second quarter, just as top sales executives left the company. Meanwhile, its new head of sales is a former IT executive with no sales experience. And the federal government's suspension of emissions penalties means Tesla could lose business from the sale of compliance credits—a revenue stream that's often been more important to the company's bottom line than car sales. Tesla faces temporary sales suspension in California first appeared on Autoblog on Jul 21, 2025 This story was originally reported by Autoblog on Jul 21, 2025, where it first appeared.
