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ASH launches multi-million-dollar grant program to support critical blood disease research
Date:7/25/2012

(WASHINGTON, July 25, 2012) The American Society of Hematology (ASH), the world's largest professional organization dedicated to the causes and treatment of blood disorders, today announced its commitment of $9 million over a three-year period to provide funding, in the form of bridge grants, for its hematologists whose vital research will not be accomplished due to the severe funding reductions for biomedical research. ASH's new grant program was designed to help bridge a gap created by nearly a decade of flat funding for the National Institutes of Health (NIH) followed by further projected cuts.

NIH's inflation-adjusted funding is close to 20 percent lower today than in FY2003. Accordingly, NIH's ability to sustain current research capacity and encourage promising new areas of science is, and will be, significantly limited. And under some funding scenarios, as many as 2,300 NIH grants could be eliminated beginning next year. This is having a devastating impact on young scientists committed to careers in hematology research and will result in many talented investigators abandoning their research careers. It will also slow momentum for finding new treatments, or even cures, for some of the most deadly diseases.

"Every year we brace for the possibility that the NIH budget will be cut, but this time it is different," said ASH President Armand Keating, MD, of Princess Margaret Hospital in Toronto. "The threat of reduced biomedical research funding over the long term is very real, and the devastating effects will be felt for the next decade or more."

Acknowledging this crisis, ASH designed a new bridge grant program, which will provide 30 one-year awards annually, in the amount of $100,000 each, to support researchers in basic, clinical, or translational hematology who applied for an NIH R01 grant but were denied funding due to budget cutbacks. There will be two award cycles per year; the first application deadline will be January 4, 2
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Contact: Andrea Slesinski
aslesinski@hematology.org
202-776-0544
American Society of Hematology
Source:Eurekalert

Page: 1 2

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