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Arizona’s bioscience sector is adding jobs at a rate outpacing the biosciences nationally and the state’s overall private sector, while Arizona’s public universities are seeing increases in bioscience research funding, expenditures and tech transfer, a new report shows.

However, the $40 million in bioscience venture capital raised in both 2017 and 2016 was a sharp decline from the last data report released two years ago, despite capital funding increasing nationally.