Market Overview

Biocom Endorses Nathan Fletcher for San Diego County 4th District Supervisorial Seat


Biocom, the association representing the California life science
industry, today announced the endorsement of Nathan Fletcher for the San
Diego County Board of Supervisors District 4 seat.

"Nathan, a former state assemblyman, has a remarkable record of
unprecedented accomplishment working with the life sciences industry,"
said Joe Panetta, president and CEO of Biocom. "He offers positive ideas
on how he can champion the life science industry and enhance its robust
economic impact, and we support his vision for the County. Nathan
understands the compelling need to ensure San Diego County leads the
nation as one of the most robust life science hubs in the world. We are
proud to stand with him and endorse his campaign."

Prior to his first election to the State Assembly in 2008, Fletcher met
with Biocom to discuss its legislative priorities. High on that list was
enactment of a single sales factor corporate tax apportionment in
California, a formula which rewards companies who invest in California
by building facilities and employing Californians. Biocom and other
California stakeholders had tried unsuccessfully for many years to enact
such a formula. Within three months of being sworn into office, former
Assemblyman Fletcher was instrumental in getting single sales factor
enacted into law.

"Whoever wins the 4th District seat will have huge shoes to fill,"
continued Panetta. "Termed-out Supervisor Ron Roberts has been a
stalwart supporter of the life sciences industry in San Diego for many
years. A well-functioning, business-conscious San Diego County Board of
Supervisors is critical to the life sciences industry, as the Board
serves a vital function overseeing local environmental and air quality
standards, which impact our industry. Nathan, a former Biocom Elected
Official of the Year, is best equipped to provide the County with the
leadership it needs."

About Biocom

Biocom is the largest, most experienced leader and advocate for
California's life science sector. We work on behalf of more than 1,100
members to drive public
, build an enviable network
of industry leaders
, create access
to capital
, introduce cutting-edge
STEM education programs
, and create robust value-driven purchasing

Founded in 1995 in San Diego, Biocom 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 operates core offices in Los
 and the San
Francisco Bay Area
, satellite offices in Washington,
 and Tokyo,
and has a continuous staff presence in Sacramento. 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, please visit our website at
Connect with us on LinkedInFacebook,
and Twitter (@BIOCOMCA).

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