With no game plan, California risks losing life sciences lead

Pitching to maintain the Bay Area’s lead in the life sciences, industry leaders here might want to recall the legendary Satchel Paige: “Don’t look back — something may be gaining on you.”
That “something” is states like Massachusetts, which has put together a $1 billion, 10-year life sciences initiative and on Wednesday awarded loans of up to $750,000 each (totaling $3.75 million) to five early-stage companies. It is the third round of these awards.
Other states — like Michigan, Ohio, Texas and Kansas among them — are offering similar incentives to retain their most innovative companies.
And California? Left with runners on base.