University of Southern California Might Acquire The Scripps Research Institute

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Department leaders at The Scripps Research Institute in La Jolla have told faculty that the biomedical powerhouse may merge or be acquired by the University of Southern California.

Two professors who were briefed on the matter said the negotiations largely stem from a need to shore up finances at the institute, which faces everything from strong competition for federal research money to swelling pension obligations to the cost of developing a satellite campus in Florida.

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