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The Boston Globe


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.

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