| CATEGORY: SMALL CAPS NEWS SECTOR: PHARMACEUTICALS & BIOTECHNOLOGY |
Fusion IP completes licensing deal |
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Fri 20 Nov 2009
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LONDON (SHARECAST) - Fusion IP, which commercialises university research, said it has completed a licensing deal with a global orthopaedic company for the use of orthopaedic planning software developed at the University of Sheffield.
The deal, which was worth just over £0.8m, resulted in a one-off licence fee income for Fusion of just over £0.4m, in line with an agreement signed last year that gives Fusion have of the income from licensing the University’s research.
‘We hope this will be the first of many licence deals in Sheffield, as we build towards our target of covering Fusion's on-going overheads from licence income by 2011/12,’ said chief executive David Baynes.
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