UK-headquartered Biofusion, which is focused on the commercialization of intellectual property, says that it has signed a new 10-year exclusive agreement with the University of Sheffield for non-life science research.
The University's non-life science research budget of L45.0 million ($88.6 million) will be added to the firm's annual research spend to total L168.0 million. Reflecting the expansion into non-life sciences, the company will change its name to Fusion IP.
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