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University commercialisation company Fusion IP has completed a licensing deal for the use of orthopaedic planning software that originated from the Medical Physics team at the University of Sheffield.
The deal is with a leading global orthopaedic company and worth just over 0.8m with a one-off licence fee income for Fusion of just over 0.4m.
Under Fusion's expanded University of Sheffield IP agreement, signed in July last year, the company has the right to license out any University originated intellectual property, with half the net income receivable by Fusion.
This licensing deal is Fusion's first major licence fee to be generated since the expanded agreement.
Story provided by Business Financial Newswire
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