The National Institutes of Health (NIH) has announced a substantial reduction in its biomedical funding, cutting billions of dollars allocated for indirect costs. Effective immediately, this decision is expected to shake the foundations of medical research institutions across the United States, impacting areas such as cancer research and developmental biology.
Tag: Biomedical Research
NIH Announces Immediate Reduction of Billions in Biomedical Research Funds
The National Institutes of Health has announced an immediate cut of billions of dollars in biomedical research funding, significantly affecting institutions reliant on federal grants. The new policy limits indirect cost allocations for research projects, sparking concern within the scientific and medical communities.