Valley struggles to create biotech cluster: funding: Los Angeles lags behind Silicon Valley, other areas for start-up venture capital.
San Fernando Valley Business Journal › November 07, 2011
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Valley struggles to create biotech cluster: funding: Los Angeles lags behind Silicon Valley, other areas for start-up venture capital.
When it comes to the biotech industry, the greater Valley area is simply the ugly stepchild.
Despite being home to Amgen Inc.--the world's largest biotech firm with a market value of about $49 billion as of Nov. 3--the push to create a true biotech cluster remains stuck in neutral, hampered by a lack of homegrown venture capital and oversh...See the full content of this document
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