Reaction to President Obama’s FY15 Budget for Biomedical Research

March 4th, 2014

WASHINGTON – The following is a statement from United for Medical Research (UMR) in reaction to President Obama’s FY15 budget:

“President Obama’s FY 2015 budget proposal for biomedical research falls short of reversing the damage done by a decade of flat funding to the National Institutes of Health and recent cuts from sequestration. Our nation urgently needs a significant and sustained investment in lifesaving research to meet the unmatched need afforded by scientific opportunity and human health and to close the gaping innovation deficit.

“The United States once stood firmly at the forefront of the research revolution, but after a decade of budgets that have not kept pace with inflation and last year’s across-the-board sequestration cuts, NIH has seen a more than 20 percent decline in its purchasing power and can only fund one in every seven research grants it receives. As such, the U.S. is slipping in its position as the global leader in the life sciences.

“President Obama’s proposed NIH budget won’t meaningfully turn us in the right direction toward restoring hope to millions of patients, advancing scientific innovation and spurring further job growth. We call on the Administration and Congress to make a significant increase in NIH funding a reality.”