McLEAN IN THE NEWS
January 12th, 2007
The effects of the erosion in NIH funding following the "doubling" period from 1998 to 2003 are beginning to be felt at McLean. In FY 2006 there was an 8% decrease in federal funding compared to the previous year (after a 204% increase between 1995 and 2005). Nonetheless, we continue to maintain a positive overall growth trend. The Partners Research Revenue Report for the Month Ending November, 2006, shows that fiscal year-to-date, our total research revenue is $406,000 ahead of this point in the previous fiscal year, although under budget by $366,000.