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President's Budget Proposal Increases Funding for Basic Research But Seeks to "Trim" Data Exclusivity Period and Pay-for-Delay Agreements

By Donald Zuhn, Kevin Noonan, Chris Singer, Sherri Oslick, and Jason Derry

By Donald Zuhn -- President Obama unveiled his 2012 budget last week, and while the President's budget calls for cuts in many areas of government, he would like to raise investment in basic research. As a result, under the President's budget proposal, funding for the National Institutes of Health (NIH) would rise from the current $31.3 billion to $32.3 billion in fiscal 2012, and the National Science Foundation would get $7.77 billion in 2012, or 13% more than it did in 2010. In a statement on the White House website entitled "Winning the Future through Innovation," the Office of Management...

Full post as published by Patent Docs on February 22, 2011 (boomark / email).