Biotech CEOs, NIH Defend Research Spending at White House Visit

Bloomberg – Biotech executives and the head of the National Institutes of Health met on Monday at the White House with Vice President Mike Pence and other top officials to defend government-sponsored research after the president’s budget proposal sought deep cuts.

President Donald Trump’s administration proposed cutting $1.23 billion from the NIH’s budget this fiscal year and $5.8 billion next year. Most of the proposed 2017 cuts would have come from reductions in research grants. But Congress increased the NIH’s budget for this fiscal year by $2 billion in the spending bill it passed last week to fund the government through September.

Read more at Bloomberg.