NIH Chief Loses Sleep That U.S. Scientists May Leave For China

NIH chief Francis Collins has a lot on his plate these days, from Ebola to HIV. But he says the thing most keeping him awake at night lately is the agency’s budget woes. While speaking at the annual JP Morgan JPM -3.57% healthcare conference, he warned that tepid government funding for science is threatening to erode U.S. leadership in drug development. The flat budgets Congress has doled out to the NIH in recent years, combined with the effects of inflation, mean the agency’s “purchasing power” has fallen by 25% since 2003, he told us before repeating the remarks in a speech to the conference.

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