Posted by: tristar3research | February 4, 2009

NIH Gets Huge Boost in Proposed Funding from Senate

To be sure, this proposed $10B in funding for NIH will be scaled back but BIO deserves some credit for early aggressive lobbying for the chronically underfunded agency. On Nov. 13, The House Energy and Commerce Subcommittee on Health held a hearing on “Treatments for an Ailing Economy: Protecting Health Care Coverage and Investing in Biomedical Research.”   Rachel King, CEO of GlycoMimetics of Gaithersburg, Md., testified on behalf of BIO.  Of course, one way to both spur the economy and provide support for biomedical research is increasing federal funding of the National Institutes of Health (NIH).

According to The-Scientist:

The US Senate, which is furiously debating the details of the economic stimulus package making its way through Congress, passed an amendment yesterday (Feb. 3) to add $6.5 billion in National Institutes of Health funding on top of the $3.5 billion already allotted to the agency in the bill. Science advocacy groups praised passage of the amendment, which was sponsored by Senators Arlen

Specter (R-PA), Tom Harkin (D-IA) and Dick Durbin (D-IL). The House (with no support from Republicans) passed a version of the stimulus bill, which provided $3.5 billion in NIH funding, last week. Democrats and Republicans in the Congress will continue thrashing out the finer points of the bill, and the legislature is expected to have a version ready for President Barack Obama to sign by mid-February.

Tax saving and investment incentives would likely be more constructive in aiding small businesses seeking to maintain investigational programs, as opposed to non-stimulative activities that build bureaucracy.

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