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Biotech / Medical : Biotechnology Value Fund, L.P.
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To: scaram(o)uche who started this subject1/26/2002 8:57:16 AM
From: nigel bates of 4974
 
So much for Europe... <g>

President Bush will fulfill his commitment to a five-year plan to double the budget of the National Institutes of Health (NIH) when he submits his fiscal year 2003 budget proposal to Congress next month, HHS Secretary Tommy G. Thompson announced today.
The President's fiscal year 2003 budget proposal for NIH would increase its budget to $27.3 billion, an increase of $3.7 billion, the largest one-year increase ever for NIH. The proposal represents a growth of nearly 16 percent over the $23.6 billion allotted to NIH for fiscal year 2002. In fiscal year 1998, the NIH budget stood at $13.6 billion. President Bush had joined in a bipartisan commitment to doubling the 1998 level...
Of the overall $3.7 billion increase over fiscal year 2002, approximately $1.5 billion would be devoted to proposed bioterrorism research, a five-fold increase over the $300 million budgeted for the previous fiscal year. After September 11, NIH leadership made a recommendation to HHS and the White House for significant expansion in bioterrorism related research. NIH's plan includes expansions in basic research, such as sequencing the genome of potential bioterrorism agents; accelerating development of next-generation anthrax vaccines; and improving diagnostic tools...
bio.com
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