The organization, also referred to as BioLA, was formed last year in support of life sciences startups and research.
Los Angeles-based Cedars-Sinai currently leads 593 active clinical trials and 1,845 research projects. Its collaboration with BioLA will help expand the company’s scientific expertise and foster a “patient-first culture,” BioLA CEO Daniel Tellalian said in a news release.
In 2018, more than 90,000 people were employed in LA County’s life sciences industry, which generated an estimated $42.5 billion for the economy, according to the report. Additionally, the National Institutes of Health awarded $1.1 billion to institutions and companies in the region during fiscal year 2018.
“While Los Angeles County has always been a bioscience powerhouse from a research perspective, we are now flexing our entrepreneurial muscle,” LA County Supervisor Mark Ridley-Thomas said. “Cedars-Sinai’s commitment is a significant statement of the role BioLA will play in moving this industry to the next level.”
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