AUSTIN, Texas, Feb. 22 -- The University of Texas at Austin issued the following news release:

AUSTIN, Texas - From developing vaccines and treatments for deadly diseases to advancing technologies that protect our nation to making discoveries about ancient cultures, the research that's conducted at The University of Texas at Austin saves lives and changes the way we see the world. To carry out this transformational research, UT research teams rely on funding from a variety of sources to help pay for lab space, equipment, graduate student stipends and other costs associated with research.

For the first time, annual research expenditures at the University have exceeded $1 billion, an indication that research activity is higher than ever on ...