NIH’s decision to cut what it pays universities and other entities for indirect costs associated with scientific research would have immediate and far-reaching consequences, according to many academic institutions and professional societies.
The cuts would reduce federal funding to University of Pennsylvania by nearly $250 million per year and “have a profoundly negative impact on Penn’s research enterprise,” according to a statement provided to Healio.
“Research at Penn funded by NIH has enriched the world in innumerable ways, whether combatting cancer with