Navigation Links
Scientists Warn of Long Term Consequences of Budget Sequestration: BioInformatics LLC Report
Date:2/27/2013

Arlington, VA (PRWEB) February 27, 2013

Life scientists responding to a recent survey warned Congress and the Administration that the impending budget sequestration could have grave consequences for the future of biological and medical research in the U.S. “The need for well-educated scientists in the U.S. is often discussed as being a priority with both the Administration and Congress. What better way to deter potential researchers than to continuously cut or keep static funding to the life sciences?" asks Kathryn Scott, a Laboratory Manager at a leading university medical center. "Spending needs to be controlled; however, the need to keep the best and brightest in science and technology is greater. Cutting funding will deter those considering careers in the life sciences and those already employed as scientists to look elsewhere for a use of their talents.”

BioInformatics LLC, the premier research and advisory firm in the life science industry, conducted a survey of U.S. academic, government and pharmaceutical scientists to gauge the impact of the planned cutbacks in federal funding for research and their implications for life science tools companies. The free report can be downloaded here:

Life Scientist Reactions to the Impending Budget Sequestration

“69% of U.S. life scientists expect that sequestration will have a ‘substantial impact’ on their research,” says Bill Kelly, President of BioInformatics LLC. “When we asked about the immediate effects they expect as the result of the sequester, scientists across all market segments predict the cutbacks will limit their ability to hire new staff for their labs, obtain new grants and attend scientific conferences.”

Life science tools companies can expect lower sales as a near-term reaction to the budget sequestration. But the situation is unlikely to be as dire as some have feared. “Assuming funding is not restored quickly, surprisingly, only one-quarter of academic and government life science labs say they will consider deferring or postponing capital equipment and/or instrument purchases this year," says Kelly.

Instead, other actions taken as a result of sequestration—such as hiring freezes, lab closings, project cancellations or reductions in new labs—are likely to have a longer lasting effect on the life science market. “Scientific research isn’t something that can be turned on and off – it’s a long term investment,” says Kelly. “Budget uncertainty begins to erode the supporting infrastructure, drives researchers out of the field and threatens the U.S. leadership position in the biosciences.”

ABOUT BIOINFORMATICS LLC

BioInformatics LLC is the premier research and advisory firm serving the life science industry. By leveraging our professional social network of more than 72,000 life scientists, we have supported more than 500 companies and provided insights that lead to better business decisions. Our assignments include assessing the size and attractiveness of markets, optimizing product configurations and pricing, validating corporate acquisitions, measuring customer loyalty, and evaluating brand strength and positioning.

Read the full story at http://www.prweb.com/releases/2013/2/prweb10475234.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related biology technology :

1. Scientists defuse the Vietnam time bomb
2. Singapore scientists lead human embryonic stem cell study
3. Sheffield scientists shine a light on the detection of bacterial infection
4. Nanowiggles: Scientists discover graphene nanomaterials with tunable functionality in electronics
5. Scientists solve mystery of colorful armchair nanotubes
6. iBioSeminars and iBioMagazine: Free, Online Biology Seminars and Short Talks by Leading Scientists
7. Chinese Scientists Zhen-Yi Wang and Zhu Chen Awarded 7th Annual Szent-Gyorgyi Prize for Progress in Cancer Research
8. Scientists decode brain waves to eavesdrop on what we hear
9. Receptos Scientists Publish Determination of a High Resolution Sphingosine 1-Phosphate Receptor 1 Structure in Science
10. Scientists learn how to out run damage with imaging technique
11. Design eye for the science guy: Drop-in clinic helps scientists communicate data
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... (PRWEB) , ... June 27, 2016 , ... ... operations for Amgen, will join the faculty of the University of North ... adjunct professor of strategy and entrepreneurship at UNC Kenan-Flagler, with a focus on ...
(Date:6/24/2016)... ... June 24, 2016 , ... While the majority of commercial spectrophotometers ... 5000 and the 6000i models are higher end machines that use the more unconventional ... spectrophotometer’s light beam from the bottom of the cuvette holder. , FireflySci has ...
(Date:6/23/2016)... , June 23, 2016 /PRNewswire/ - FACIT ... Ontario biotechnology company, Propellon Therapeutics ... development and commercialization of a portfolio of first-in-class ... Epigenetic targets such as WDR5 represent an exciting ... significantly in precision medicine for cancer patients. Substantial ...
(Date:6/23/2016)... -- The Biodesign Challenge (BDC), a university competition that asks ... systems and biotechnology, announced its winning teams at the ... York City . The teams, chosen ... MoMA,s Celeste Bartos Theater during the daylong summit. Keynote ... of architecture and design, and Suzanne Lee , ...
Breaking Biology Technology:
(Date:6/22/2016)... BETHESDA, Md. , June 22, 2016  The American ... by Trade Show Executive Magazine as one of ... Summit on May 25-27 at the Bellagio in ... based on the highest percentage of growth in each of ... number of exhibiting companies and number of attendees. The 2015 ...
(Date:6/16/2016)... , June 16, 2016 ... size is expected to reach USD 1.83 billion ... Grand View Research, Inc. Technological proliferation and increasing ... applications are expected to drive the market growth. ... , The development of advanced multimodal ...
(Date:6/3/2016)... Das DOTM (Department ... hat ein 44 Millionen $-Projekt ... einschließlich Personalisierung, Registrierung und IT-Infrastruktur, an Decatur ... Implementierung von Identitätsmanagementlösungen. Zahlreiche renommierte internationale Anbieter ... aber Decatur wurde als konformste und innovativste ...
Breaking Biology News(10 mins):