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