Camiguin Hanging-Parrot (Loriculus camiguinensis). Field Museum of Natural History, Chicago. The specimens in this drawer, collected in the 1960s, are labelled Loriculus philippensis. However, field research in 2006 on the island of Camiguin in the Philippines led to these specimens being described as a new species, highlighting the importance of collections as a research resource and a source of potentially new and as yet undescribed species. Research is needed to determine its ecological needs and true population status. ..As biologists describe new species and add to our understanding of the interrelated nature of life on Earth, a species becomes extinct every 20 minutes (100 to 1000 times the background extinction rate as seen in the fossil record). Collections in natural history museums play important roles in conservation, education and research. Most of that work and the associated specimens are not on public display in museums? typically, less than five percent of specimens are exhibited.