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Transforming LA into a Biotech Hub
By Adrian Dotla,
2024-06-05
Image Source: UCLA Health
Skeptics once doubted the feasibility of a high-speed rail connecting LA to Las Vegas, but now it's becoming a reality. Perhaps all it takes is the right team to turn the improbable into the possible.
LA County has invested millions to establish itself as a biotech hub, including funding the nonprofit BioscienceLA and its BioFutures program. The county's investments have also created a supportive infrastructure with initiatives like the 20,000-square-foot BioscienceLA office in Culver City, generating significant economic activity and jobs. However, despite these efforts, LA has remained a secondary market for biotech and life sciences due to geographic sprawl and limited supply of life science/biotech space, even though the region boasts significant life science talent.
Life Science Degree Completions by Vacancy Comparison
A leading figure in the biotech scene in Los Angeles is the impressive biotech entrepreneur, Arie Belldegrun. Belldegrun has played a significant role in the successful exits of Agensys, Cougar Biotechnology, and Kite Pharma, which collectively sold for $13.4 billion. An Israeli-born urologist and immunology researcher, Belldegrun has been instrumental in building the biotech sector in Los Angeles. Utilizing proceeds from these exits, he established Bellco Capital, which primarily invests in life science and real estate companies, and co-founded several biotech-focused funds and ventures.
Belldegrun's efforts have culminated in the creation of the California Institute for Immunology and Immunotherapy at the former Westside Pavilion in Westwood, in collaboration with other prominent figures and philanthropists. The 700,000-square-foot property, acquired at the end of 2023, will also house the UCLA Center for Quantum Science & Engineering. “The goal is to build the immunology equivalent of Silicon Valley in Los Angeles,” says UCLA Health CEO John Mazziotta, MD, PhD. The center will hold its own patents and will eventually foster new biotech startups through its incubator and accelerator programs. The initiative has secured $500 million in state funding and plans to raise an additional $1 billion, positioning Los Angeles to become a leading biotech hub alongside regions like the Bay Area, San Diego, and Boston. Despite challenges posed by the city's geographic sprawl, these combined efforts by leaders like Belldegrun and county programs are transforming LA's biotech landscape, fostering a thriving environment for future scientific and commercial successes.
Top Tech Journalists Shaping LA’s Tech Scene in 2024
Jun 05 2024
BEN BERGMAN
Ben is currently a senior correspondent at Business Insider, where he covers the intersection of technology and business. Based in Los Angeles, Ben writes in depth pieces on the latest trends in the tech industry, particularly focusing on startups and venture capital. Prior to joining Business Insider, Ben worked at dot.LA and was a reporter at KPCC, Southern California's largest public radio station. Ben Bergman's insightful reporting has positioned him as a trusted authority on the swiftly evolving tech landscape, not only in Los Angeles but also on a national scale.
Alex is the Deputy Editor for The Verge and the author of Command Line, a newsletter with interviews and coverage of tech’s most influential players. He is known for breaking major stories about companies like Facebook, Twitter, and Snapchat. His deep connections within the industry allow him to provide exclusive insights and scoops. Alex's work has been featured in several high-profile publications, and he is a frequent guest on tech podcasts and panels. He regularly appears as an expert voice on programs like CNBC, NPR, BBC, and CNN.
Katie is a senior writer at Bloomberg, focusing on technology and venture capital. Katie has a reputation for her thorough and analytical reporting on tech startups and investment trends. She previously worked at TechCrunch and The Wall Street Journal, where she honed her skills in covering the tech industry. Katie's articles often provide a deep dive into the financial aspects of tech companies, making her a respected voice in the field.
Taylor is a technology columnist at The Washington Post, where she covers internet culture and the impact of social media on society. Taylor is known for her in-depth reporting on influencers, online trends, and the digital economy. Her work has been instrumental in highlighting the cultural shifts driven by social media platforms. Taylor's articles often explore the human side of technology, making her a unique voice in tech journalism. She also has a youtube channel and a podcast, Power User, that similarly explore the impact of technology.
Ryan is a tech reporter at The New York Times, where he covers the intersection of technology, business, and policy. Based in Los Angeles, Ryan has a knack for uncovering the stories behind the headlines, particularly those involving major tech companies and their impact on society. Before joining The New York Times, he was a senior reporter at BuzzFeed News. Ryan's investigative reporting has earned him numerous accolades and a loyal readership.
Bobby is a tech reporter at NPR, where he covers technology and its impact on society. Based in Los Angeles, Bobby's reporting spans a wide range of topics, from cybersecurity to the gig economy. He previously worked at WHYY in Philadelphia and has contributed to several national outlets. Bobby's storytelling ability and his knack for explaining complex tech issues in an accessible way make him a standout journalist in the field.
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