After being accused of holding scientists hostage, Mr Pyne announced that the National Collaborative Research Infrastructure Scheme (NCRIS) would still receive $150 million in funding promised in last year's budget.
It's a close call for the NCRIS, which has been the centre of a funding battle that's been going on for more than ten years, when then science minister Julie Bishop announced a strategic investment program for scientific research infrastructure.
Minister Pyne has now declared the problem solved, in this very strange and slightly flirtatious interview with David Speers.
PYNE: I've fixed it. I'm a fixer.
SPEERS: How did you fix it?
PYNE: I've fixed it by funding it another way which you'll find out in the budget.
SPEERS: Why can't you tell us?
PYNE: I want it to be a surprise for you.
So, has he fixed it? The Australian Academy of Science has welcomed the announcement.
But many scientists still have concerns about the future of Australian research.
Before Monday's announcement, Australian Nobel Laureate Professor Brian Schmidt said that Australia risked becoming the laughing stock of the scientific world if it lost the NCRIS.
He warned of a brain drain as scientists fled overseas to find a work and a "wholesale winding down of the nation's scientific infrastructure capability" with some facilities contemplating sacking their employees at the end of the month.
Australian scientists were staring down the barrel of massive job losses and facility shutdowns, so the decision to fund NCRIS for a year is more of a stay of execution rather than a complete fix.