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San Diego Biotech Companies Fear Prop 8

Timothy Kincaid

October 29th, 2008

According to San Diego Union-Tribune, 22 executives of biotech companies in the San Diego area are seeking to get their trade organization to officially oppose Proposition 8. They fear that Massachusetts could steal away valuable researchers and highly skilled employees, appealing to their desire to live in a more tolerant environment.

“Our industry is vitally important to San Diego and we cannot allow other states become more appealing to our talented work force,” the executives said. “In today’s economy we cannot afford to lose the potential of a single job or company.”

Sadly, the appeal may be too late. The board of Biocom has already met on endorsements and did not take a polition on any propositions. However, a board member did indicate that Prop 8 is not welcomed by their industry.

“We are working at the cutting edge of biomedical knowledge and we should be as open-minded as possible,” Xanthopoulos said. “Biotechnology companies are supposed to be agile, flexible, creative, innovative and committed to thinking out of the box. All these things don’t line up with Proposition 8. They are exactly to the contrary.”

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