• News/Talk
  • Music
  • Entertainment

Marketplace

Tuesday, March 11, 2008

Listen to the show

No funds for biomedical breakthroughs

Medical researchers in the lab

The National Institute of Health has been flat for the last five years. Today, a group of researchers is warning of the potential losses a weak NIH budget can cause for the future of biomedical research. Jeremy Hobson reports.

Medical researchers in the lab (iStockPhoto.com)

More on Education, Science

TEXT OF STORY

Scott Jagow: The National Institute of Health is dependent on federal money. But for the last five years, the level of that funding has been flat. Today, a group of researchers from several top universities is warning of the consequences. They say we stand to lose a generation of scientists and the cures they could discover if the NIH budget doesn't get a boost. Jeremy Hobson has more.


Jeremy Hobson: If you're a biomedical researcher looking for major funding, there's really only one place to go.

But Dr. David Farb of Boston University says the NIH funding faucet is slowing to a trickle. So there's tough competition for limited resources. He says young researchers are being turned off as senior scientists are turned away on their funding proposals.

David Farb: Your top people are losing grants, and the young people see that and say what if I achieve that and there's no safety net for me?

Dr. Jill Rafael-Fortney of Ohio State University says some students from top medical schools are already starting to switch careers.

Dr. Jill Rafael-Fortney: The people who, you know, are really poised to do translational research are going into private practice, because they can't get funding.

And she says forget about relying on the private sector to fund research. Big Pharma typically waits until the leg work has been done to get involved.

Rafael-Fortney will push for more NIH funding at a hearing this morning on Capitol Hill.

In Washington, I'm Jeremy Hobson for Marketplace.

Music From This Show

  • Electric Counterpoint Fast Rainstick Orchestra
  • Your Cheatin' Heart Hank Williams
  • Transistor Radian
  • Heartbreaker Led Zepplin

Marketplace Confessional

I am not buying the whole "there might not even be a recession, and if there is one, it will be brief." If oil prices continue to rise, driving inflation, the Federal Reserve will eventually be forced to raise interest rates in the middle of a slowdown. We are already seeing signs of a Japan style "liquidity trap" which is preventing the free flow of money from the banks to Main Street. I think the government's efforts to bail out the housing market will be about as effective as the response to Hurricane Katrina...

More | Share your own rant

The Specials

Conversations from the Corner Office

Marketplace goes one-on-one with CEOs, company founders, head honchos...

Sit in

Working

Intimate profiles of workers in the global economy.

Meet them

Consumer Consequences game

Find out what the world would look like if everyone lived like you. An interactive game from American Public Media.

Play

Marketplace on iTunes U

Marketplace is now available in iTunes U, Apple's online education platform. Get free, downloadable content in subjects like History, Science, Business and more. Study up

Sustainability

What is "sustainability?" It boils down to this: Don't eat your seed corn.

Learn more

 ©2008 American Public Media