Biotech, Finances, cancer
Hutch Pulls In $40M From Stimulus
Luke Timmerman 10/5/09
The Fred Hutchinson Cancer Research Center has been awarded 60 grants worth a combined $40.4 million under the $787 billion American Recovery & Reinvestment Act of 2009, otherwise known as the federal stimulus. The Hutch estimates that 2.3 jobs in the community are created or retained for every $100,000 of grant funding, so the awards should create about 920 jobs. The research will focus on a number of projects, including developing tests to measure cancer related proteins, cord blood transplantation, and cancer economics. Winning the competitive grants is “a testament to the quality of the science we do,” said Hutch president Lee Hartwell, in a statement
Luke Timmerman is the National Biotechnology Editor for Xconomy. You can e-mail him at ltimmerman@xconomy.com, call 206-624-2374, or follow him on Twitter at http://twitter.com/ldtimmerman.
10/5/09 4:00 pm
For those interested in the details:
All federal research agencies are making awards under the Recovery Act (ARRA). However, the National Institutes of Health (NIH) has the majority of the funding, and also has an excellent online database, here:
http://report.nih.gov/recovery/arragrants.cfm
The one thing to be aware of is that, while most NIH ARRA research grants are for multiple years, only the first year of funding is recorded in the database. For example, last week Debbie Nickerson from UW received a 2-year $25 million genome sequencing center award, but it’s listed in the database as $11 million, the first-year amount.
As of right now, UW is listed as having received 248 NIH ARRA awards with a first-year funding total of $99 million. The Hutch is listed as having received 87 NIH ARRA awards with a first-year funding total of $30 million. The state as a whole is listed as having received 396 awards with a first-year funding total of $168 million (meaning that, statewide, there were 61 awards totaling $39 million received by organizations other than UW and the Hutch).