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The life sciences are a cornerstone of California's identity as a hub for technological innovation. Local firms, laboratories, and universities perform research and development that helps technological breakthroughs move from concept to commercialization. According to the California Life Sciences Association, the state was home to more than 3,400 companies, 310,000 employees, and 4,900 science and engineering PhDs in 2019. Despite these tremendous assets, the Golden State can do more to remain a national and global industry leader.