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BOSTON – The quasi-public agency that oversees Massachusetts’ $1 billion, 10-year Life Sciences Act has approved spending a combined $2.5 million to subsidize life-sci companies that hire paid college-level interns, and to fund younger researchers.

Funding for both programs will come from the $12 million first-year budget of the Massachusetts Life Sciences Center, whose board approved the grant programs at its monthly meeting here on Feb. 25.

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