1. Pink Sheet

NIH Translational Science Center Becomes A (Cash-limited) Reality

 
• By Cathy Dombrowski

NIH receives more than one-half billion dollars to finance activities of the National Center for Advancing Translational Science, which came into being when President Obama signed a consolidated fiscal 2012 appropriations bill Dec. 23. House and Senate members who negotiated the final bill cautioned that NCATS’ efforts to find ways to speed up drug development should not inhibit private efforts in the same arena.

The National Center for Advancing Translational Science (NCATS) begins life with funding of $576,456,000 for fiscal 2012, 20% less than the $721,601,000 that National Institutes of Health Director Francis Collins had requested.

A major chunk of the decrease is the result of appropriators’ decision to slash funds for the first year of the Cures Acceleration Network (CAN) from the requested $100 million to $10 million

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