This report highlights the imperative for optimizing three health care innovation ecosystem elements—infrastructure, incentives and culture—to advance impactful health care innovation in the state of Utah.

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This report highlights the imperative for optimizing three health care innovation ecosystem elements— infrastructure, incentives and culture—to advance impactful health care innovation in the state of Utah.

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This report offers a high-level overview focused mainly on the pharmaceutical industry, related capital events including investments in biotech and medtech companies, FDI flows, the biggest players in the field, and the key trends in life sciences.

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Utah boasts the most diverse economy in the nation, with strengths in Tech, Engineering, Manufacturing and Distribution.

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The life sciences industry supports health care quality in Utah and represents a highly productive, fast-growing cross-section of the state’s economy.

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The Utah Governor’s Office of Economic Development (GOED) and BioUtah, the trade association for life sciences companies in the state, commissioned the Kem C. Gardner Policy Institute to analyze the role of the life sciences industry in Utah’s economy.

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This is BioUtah’s report on the life sciences industry in Utah.

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The 2020 Economic Report to the Governor is the 32nd publication in this series. Through the last three decades, the Economic Report to the Governor has served as the preeminent source for data, research, and analysis about the Utah economy.

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