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FASEB Analysis Demonstrates Devastating Impact of Sequestration on Medical Research - The Federation of American Societies for Experimental Biology (FASEB) has released an analysis of the impact that sequestration would have on biomedical research - FASEB.Org
FASEB Analysis Demonstrates Devastating Impact of Sequestration on Medical Research

 

PRZOOM - /newswire/ - Bethesda, MD, United States, 2012/04/16 - The Federation of American Societies for Experimental Biology (FASEB) has released an analysis of the impact that sequestration would have on biomedical research - FASEB.Org.

   
 
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As set in motion by the Budget Control Act of 2011, sequestration would impose automatic cuts on federal funding starting January 2, 2013. The report predicts an 11.1 percent reduction of the National Institutes of Health (NIH) extramural budget, which supports research at institutions around the country. Based on NIH funds awarded in fiscal year 2011, the analysis projects funding reductions for each state in 2013; for eight states, these cuts exceed $100 million.

“The estimated $2.613 billion cut to NIH would have a devastating effect on medical research,” said FASEB President Joseph C. LaManna, PhD. “More than 80 percent of the NIH budget is distributed to researchers in nearly every congressional district in the United States. Cutting back on this investment will delay discoveries that can lead to new treatments and improved health. It will also discourage younger people who are interested in pursuing careers in science and negatively impact many local economies. It is imperative that Congress prevent such automatic, across-the-board cuts.”

“These estimates are conservative as they do not account for either the rising costs of research due to inflation or ongoing efforts to shift the burden of sequestration from defense to non-security programs or exempt certain programs from the mandated cuts,” noted Howard H. Garrison, PhD, Deputy Executive Director for Policy and Director, Office of Public Affairs.

FASEB (faseb.org) is composed of 26 societies with more than 100,000 members, making it the largest coalition of biomedical research associations in the United States. Celebrating 100 Years of Advancing the Life Sciences in 2012, FASEB is rededicating its efforts to advance health and well-being by promoting progress and education in biological and biomedical sciences through service to our member societies and collaborative advocacy.

 
 
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FASEB Analysis Demonstrates Devastating Impact of Sequestration on Medical Research

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Contact: Lawrence Green - FASEB.Org 
301-634-7335 lgreen[.]faseb.org
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any FASEB securities in any jurisdiction including any other companies listed or named in this release.

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