Short answer
The San Diego metro had 454 biotech establishments in 2023, employing 21,656 people at an average of $180,590 a year (Census County Business Patterns, NAICS 541714 and 325414). Of those, 437 are research labs. SEC EDGAR lists 63 public biotech and drug companies with a San Diego County address. Neurocrine Biosciences spent the most on R&D in 2025 ($1.02 billion), followed by Ionis ($915.6 million), according to their 10-Ks.
- 437 of the 454 establishments are biotech R&D labs; only 17 make biological products.
- 227 of the 437 labs have fewer than five employees, and three have 1,000 or more.
- Eight listed companies spent over $100 million on R&D in 2025 while reporting under $100 million of revenue.
- NIH awarded $1.04 billion to San Diego organizations in fiscal 2025; 86% went to La Jolla addresses.
- Most clinical-stage biotechs don't appear in FDA's registration files, because investigational manufacturing doesn't require registration.
On this page
- How many biotech companies are in San Diego
- Most labs are tiny
- What the two codes leave out
- The biggest R&D budgets among listed companies
- Where the research money comes from
- FDA registrations: who makes biologics here
- How to check a San Diego biotech before you commit
- Selling to San Diego biotechs
- Sources
- Questions people ask
This report is for people deciding which San Diego biotechs to apply to, invest in, partner with or sell to. It counts the industry three ways (Census establishments, SEC-listed companies and federal research awards) and then shows how to shortlist. The Census metro is all of San Diego County, from Chula Vista to Carlsbad and Oceanside.
How many biotech companies are in San Diego
County Business Patterns (CBP) 2023, San Diego-Chula Vista-Carlsbad, CA Metro Area (CBSA 41740), NAICS 541714 and 325414 combined:
| Measure | San Diego metro |
|---|---|
| Establishments | 454 |
| Employees | 21,656 |
| Annual payroll | $3,910,849,000 |
| Employees per establishment | 47.7 |
| Average annual pay | $180,590 |
| Share of US establishments in these codes | 7.45% of 6,095 |
The two codes split very unevenly. Research and development in biotechnology (541714) has 437 establishments and 20,270 employees; biological product manufacturing (325414) has 17 establishments and 1,386 employees. San Diego is a research cluster first.
CBP counts establishments with paid employees, not companies: a biotech with two buildings counts twice, and founders with no payroll aren't counted at all.
Most labs are tiny
The combined size table is mostly withheld, because the Census Bureau doesn't publish most size classes for the 17 manufacturing sites. In the combined file, 232 establishments have 1 to 4 employees and 35 have 50 to 99; the other classes are not published. The R&D code on its own is published in full:
| Employees per R&D establishment (541714) | Establishments |
|---|---|
| 1 to 4 | 227 |
| 5 to 9 | 56 |
| 10 to 19 | 47 |
| 20 to 49 | 41 |
| 50 to 99 | 30 |
| 100 to 249 | 17 |
| 250 to 499 | 14 |
| 500 to 999 | 2 (derived) |
| 1,000 or more | 3 |
The Census file marks the 500 to 999 cell as not published; 2 is the total less the published classes. More than half the labs have fewer than five people, which matches a market of seed-stage startups, virtual biotechs run by a few executives, and incubator tenants.
What the two codes leave out
NAICS 541714 and 325414 capture biotech labs and biologics plants, but the Census Bureau's own cross-references send related work elsewhere:
- Drug discovery labs coded as other life-sciences R&D (541715), which is where many small-molecule companies land.
- Pharmaceutical preparation plants (325412) and diagnostic substance makers (325413).
- Testing labs and CROs coded 541380, and clinical labs coded 621511.
- Head offices, which are classed by function rather than industry, so a commercial biotech's corporate headquarters may not be in either code.
So treat 454 as the core of the industry, not all of it. Biocom California's 2026 Economic Impact Report, which uses a broad life-sciences definition, counts 61,866 direct life-science jobs in San Diego in 2025.
The biggest R&D budgets among listed companies
SEC EDGAR has 63 listed companies with a San Diego County business address in SIC 2836 (biological products, 17 companies) and 2834 (pharmaceutical preparations, 46); none are in 8731. Ranked by research and development expense in their latest 10-K, all for calendar 2025:
| Company | HQ (10-K cover) | R&D expense | Revenue | Cash and short-term investments, 31 Dec 2025 |
|---|---|---|---|---|
| Neurocrine Biosciences | San Diego | $1,015.7M | $2,860.5M | $1,480.4M |
| Ionis Pharmaceuticals | Carlsbad | $915.6M | $943.7M | $2,677.5M |
| Viking Therapeutics | San Diego | $345.0M | $0 | $705.7M |
| Acadia Pharmaceuticals | San Diego | $328.8M | $1,071.5M | $819.7M |
| Kura Oncology | San Diego | $251.1M | $67.5M | $667.2M |
| Travere Therapeutics | San Diego | $206.0M | $490.7M | $238.4M |
| Gossamer Bio | San Diego | $174.1M | $48.5M | $136.9M |
| Janux Therapeutics | San Diego | $125.9M | $10.0M | $966.5M |
| Inhibrx Biosciences | La Jolla | $113.0M | $1.3M | $124.2M (cash only) |
| Arcturus Therapeutics | San Diego | $112.2M | $82.0M | $230.9M (cash only) |
| Fate Therapeutics | San Diego | $107.8M | $6.6M | $203.6M |
| Zentalis Pharmaceuticals | San Diego | $107.3M | $0 | $245.9M |
R&D and revenue as tagged in each 10-K's financial statements. The cash column is our sum of the balance-sheet lines for cash and cash equivalents and short-term investments.
Halozyme Therapeutics has the second-largest revenue in the county ($1,396.6 million) but spent $81.5 million on R&D, because most of its income is royalties. Ligand Pharmaceuticals still has a San Diego address in EDGAR, but its 10-K cover gives Jupiter, Florida, so it's left out.
The table is a hiring and spending map. Viking, Janux and Kura hold large cash balances with little revenue, so their spending is set by the board's trial plans rather than by sales. Companies with under two years of cash at their current R&D rate tend to cut programs first and buy less.
Where the research money comes from
NIH RePORTER shows $1.04 billion of NIH awards in fiscal 2025 (October 2024 to September 2025) to 111 organizations in San Diego County, across 1,550 projects. UC San Diego received $569.6 million, Scripps Research $164.4 million, the Salk Institute $61.0 million, Sanford Burnham Prebys $45.3 million and La Jolla Institute for Immunology $31.1 million. La Jolla addresses took 86% of the total.
For-profit companies received 117 awards worth $87.9 million, 106 of them small-business (SBIR or STTR) grants. The largest company recipients were Ensysce Biosciences ($5.3 million), Vivreon Biosciences ($4.1 million) and Novomedix ($3.3 million). RePORTER is a good way to find private startups that never appear in EDGAR.
FDA registrations: who makes biologics here
FDA's biologics registration has two parts. Blood and cell or tissue establishments register with FDA's biologics center; other biologics makers register as drug establishments. Companies that only make investigational products for trials don't have to register until approval, so most of the table above won't appear.
- Cell and tissue (HCT/P) registry: 8 registered San Diego County establishments list blood stem cell (HPC) or peripheral blood mononuclear cell products, including Rady Children's Hospital, San Diego Blood Bank, Scripps Green Hospital and Sanguine Biosciences.
- Drug establishment registry: registrants with manufacturing operations include Genentech and Gilead Sciences in Oceanside, and Tanvex BioPharma USA and Wacker Biotech US in San Diego.
How to check a San Diego biotech before you commit
- Read the latest 10-K for listed companies: cash, R&D, headcount and the trial calendar are all there.
- Search NIH RePORTER by organization name for grant history, including private companies.
- Check FDA registration if the company says it manufactures: the cell and tissue query and the drug establishment file are both public.
- Use the local directory. Biocom California publishes a member directory and runs the Career Hub job board.
Selling to San Diego biotechs
| Segment | How to spot it | Who usually decides |
|---|---|---|
| Commercial companies (Neurocrine, Acadia, Ionis, Halozyme) | Product or royalty revenue in the 10-K | Category owners in supply chain, quality, commercial and IT |
| Funded clinical-stage biotechs | R&D over $100 million, little revenue | Head of clinical operations or CMC, with the CFO |
| Small labs (227 with under five employees) | CBP size class, SBIR awards | Founder or chief scientific officer |
| Research institutes | NIH RePORTER | Core facility directors and purchasing |
Worked example: a preclinical CRO
Illustrative example. The company and the outsourcing share are invented; the R&D figures come from the 10-Ks above.
Kelp Bay Preclinical (kelpbay.example) runs animal pharmacology studies for drug developers.
- Pick accounts by budget, not revenue. Eight companies in the table spent over $100 million on R&D with under $100 million of revenue: $1,336.4 million in total.
- Size the opportunity. If 2% of that goes to outside preclinical studies, the pool is about $26.7 million a year. A 5% share is $1.3 million.
- Time the outreach. A new IND filing or a program moving into the clinic usually means new toxicology and pharmacology work; the 10-K's pipeline table shows which programs are next.
Building that list by hand means reading a dozen 10-Ks. Bebop researches each company on a list and suggests who to approach first.
For the companies that dominate national rankings, see the largest biotech companies, and for the manufacturing side of the region, the San Diego pharmaceutical market report.
Next step: compare the much larger Massachusetts cluster in biotech companies in Massachusetts.
Sources
- County Business Patterns (CBP), 2023, US Census Bureau, accessed 30 October 2026
- 2023 County Business Patterns datasets (metro file, NAICS 541714 and 325414), US Census Bureau, accessed 30 October 2026
- NAICS 541714 definition and cross-references, US Census Bureau, accessed 30 October 2026
- NIH RePORTER project search API (fiscal year 2025 awards), National Institutes of Health, accessed 30 October 2026
- Biologics Establishment Registration, US Food and Drug Administration, accessed 30 October 2026
- Human Cell and Tissue Establishment Registration public query, US Food and Drug Administration, accessed 30 October 2026
- Drug Establishments Current Registration Site (DECRS) download, US Food and Drug Administration, accessed 30 October 2026
- 2026 Life Science Economic Impact Report, Biocom California, accessed 30 October 2026
- Biocom California member directory, Biocom California, accessed 30 October 2026
- Neurocrine Biosciences Form 10-K for 2025, Neurocrine Biosciences, Inc., via SEC EDGAR, filed 11 February 2026
- Ionis Pharmaceuticals Form 10-K for 2025, Ionis Pharmaceuticals, Inc., via SEC EDGAR, filed 26 February 2026
- Viking Therapeutics Form 10-K for 2025, Viking Therapeutics, Inc., via SEC EDGAR, filed 11 February 2026
- Acadia Pharmaceuticals Form 10-K for 2025, Acadia Pharmaceuticals Inc., via SEC EDGAR, filed 26 February 2026
- Kura Oncology Form 10-K for 2025, Kura Oncology, Inc., via SEC EDGAR, filed 5 March 2026
- Travere Therapeutics Form 10-K for 2025, Travere Therapeutics, Inc., via SEC EDGAR, filed 19 February 2026
- Gossamer Bio Form 10-K for 2025, Gossamer Bio, Inc., via SEC EDGAR, filed 17 March 2026
- Janux Therapeutics Form 10-K for 2025, Janux Therapeutics, Inc., via SEC EDGAR, filed 26 February 2026
- Inhibrx Biosciences Form 10-K for 2025, Inhibrx Biosciences, Inc., via SEC EDGAR, filed 19 March 2026
- Arcturus Therapeutics Holdings Form 10-K for 2025, Arcturus Therapeutics Holdings Inc., via SEC EDGAR, filed 3 March 2026
- Fate Therapeutics Form 10-K for 2025, Fate Therapeutics, Inc., via SEC EDGAR, filed 26 February 2026
- Zentalis Pharmaceuticals Form 10-K for 2025, Zentalis Pharmaceuticals, Inc., via SEC EDGAR, filed 26 March 2026
- Halozyme Therapeutics Form 10-K for 2025, Halozyme Therapeutics, Inc., via SEC EDGAR, filed 17 February 2026
- Ligand Pharmaceuticals Form 10-K for 2025 (cover page address), Ligand Pharmaceuticals Incorporated, via SEC EDGAR, filed 27 February 2026
Written by the Bebop team at Blackpearl Group. Published .
Questions people ask
How many biotech companies are in San Diego?
Census County Business Patterns counted 454 biotech establishments in the San Diego metro in 2023: 437 research and development labs and 17 biological product plants, employing 21,656 people. SEC EDGAR lists 63 public biotech and drug companies with a San Diego County address. Broader counts are higher: Biocom California reports 61,866 direct life-science jobs in the region in 2025, including devices and diagnostics.
What is the biggest biotech company in San Diego?
Neurocrine Biosciences, by both revenue and R&D. Its 10-K reports $2,860.5 million of revenue and $1,015.7 million of research and development expense for 2025. Halozyme Therapeutics ($1,396.6 million of revenue) and Acadia Pharmaceuticals ($1,071.5 million) are next by revenue, and Ionis Pharmaceuticals in Carlsbad is second by R&D at $915.6 million.
How much do biotech jobs pay in San Diego?
Biotech establishments in the San Diego metro paid $3.91 billion to 21,656 employees in 2023, an average of $180,590 a year, according to Census County Business Patterns. That average covers every job at those sites, from lab technicians to executives. Research labs paid more on average than the 17 biological product plants, by our calculation from the same data.
Which San Diego biotech companies are pre-revenue?
Among listed companies with large research budgets, Viking Therapeutics and Zentalis Pharmaceuticals reported no revenue for 2025, and Inhibrx Biosciences, Fate Therapeutics and Janux Therapeutics each reported $10 million or less, according to their 10-Ks. Viking spent $345.0 million on R&D and Janux held $966.5 million in cash and short-term investments at the end of 2025.
How much NIH funding does San Diego get?
NIH RePORTER shows $1.04 billion of NIH awards to 111 San Diego County organizations in fiscal 2025, across 1,550 projects. UC San Diego received $569.6 million and Scripps Research $164.4 million. For-profit companies received 117 awards worth $87.9 million, mostly small-business innovation grants, which makes RePORTER a useful way to find private startups.