IP commercialisation company announces preliminary results

University IP commercialisation company Fusion IP has announced its preliminary results for the 12 months ended 31 July 2012.

Highlights included the sale of Simcyp to Certara for $32m (£20m), generating approximately $6.4m for Fusion.

In addition, the value of the company’s portfolio has increased to £19.8m compared with £16.8m in 2011. Cash and deposit balances have totalled £5.9m (£2m in 2011).