© 2024 University of Missouri - KBIA
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

University of Missouri Research Institute Closes Amid Cuts

columns at university of missouri
File Photo
/
KBIA
UM Curators are urged to raise tuition at the University of Missouri in Columbia by as much as 7.5 percent.

The University of Missouri System has closed its $10 million medical research institute as part of an effort to cut costs.

University spokesperson Christian Basi tells the Columbia Missourian that the decision to close the International Institute of Nano and Molecular Medicine will affect 17 full-time and part-time employees through layoffs and contract non-renewals.

The institute studied how to apply nanotechnology to fighting diseases. The university expects to save about $1.5 million annually with its closing. Basi says the building will likely to be used as a research facility.

The school is still recovering from students protest in fall 2015 over the administration's handling of racial issues and the subsequent resignations of the system president and chancellor of the Columbia campus. Freshman enrollment subsequently dropped.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.