Ask HN: How's the biotech industry in the Bay Area?

My wife and I are looking at options for where to make our next move and the Bay Area is at the top of our list. It appeals to me being a tech guy, and my as well as my wife, as she is a microbiologist. The area's reputation for a strong biotech industry is backed up by a few news articles ("Biotech bonanza", "Bay Area is home to a Biotech Boom"), but there are also a few saying its in trouble ("Is Bay Area Biotech in Trouble?"). Indeed.com job search lists a lot of openings, but its not easy to interpret the results and we don't know anyone in the area to ask directly.

For those of you in the area, how is the biotech industry?