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Washington Roundup

Drought in the Forecast for NIH-Funded Drug R&D

By Mari Serebrov
Washington Editor

Friday, June 22, 2012
WASHINGTON – Drug researchers counting on National Institutes of Health (NIH) support could be in for a bit of a drought next year, as a federal budget sequester, set to go into effect Jan. 1, 2013, would dry up funding for about 2,300 grants – one-fourth of the grants the NIH typically awards.

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