A record $32.4 million in annual research funding helped solidify the University of Florida College of Pharmacy’s No. 3 national ranking in the latest institutional research report released by the American Association of Colleges of Pharmacy, or AACP, on June 21.
AACP compiles research data from more than 140 colleges of pharmacy around the country. For the second year in a row, the UF College of Pharmacy ranked No. 3 in all three major categories where research funding is reported: NIH funding ($22.2 million), federal funding ($26.8 million) and total funding ($32.4 million).
The UF College of Pharmacy set funding records in all three categories this year. AACP’s report also indicated 90% of the college’s tenure-track research faculty were grant funded.
“It’s through the relentless pursuit of excellence and groundbreaking research that our faculty and their research teams were able to propel the UF College of Pharmacy to record highs in research funding this year,” said Peter W. Swaan, Ph.D., M.Pharm., dean and professor in the UF College of Pharmacy. “AACP’s latest report reaffirms our college’s standing as a national leader in pharmaceutical research and paves the way for transformative discoveries that will positively impact human health in the years to come.”
In the past decade, the UF College of Pharmacy has expanded its faculty and recruited many world-renowned scientists to support its research programs. In 2013, the college secured $8.5 million in total research funding. The $32.4 million reported this year represents nearly a fourfold increase.
AACP publishes the Funded Research Grant Institutional Rankings annually on its website. The reporting period follows the federal fiscal year from Oct. 1 through Sept. 30.