You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Research institute in Watertown on verge of closing

Agency faces funds shortfall

A small, independent research institute that has been part of the fabric of the Boston-area biomedical research scene for nearly half a century will be shut down if members of its corporation vote Thursday to follow its trustees’ recommendation.

The dramatic vote is a sign of the times, as competition for federal funding has intensified and more budget cuts loom in January, threatening scientific research programs at many institutions. The board of Watertown-based Boston Biomedical Research Institute recommended in September that the financially unsustainable institute begin the monthslong process of closing.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week