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, threatening research programs. The board recommended in September that Watertown-based Boston Biomedical Research Institute begin the months-long process of closing.