Fusion IP high on drug success

Fusion IP, a company which attempts to make money from university research, has rocketed 35% this morning after encouraging results on a drugs trial in which it has a significant interest.

Fusion IP, a company which attempts to make money from university research, has rocketed 35% this morning after encouraging results on a drugs trial in which it has a significant interest.

Fusion has a 43.1% shareholding in Diurnal, a Cardiff-based firm looking to help patients suffering from cortisol deficiencies. Diurnal is attempting to develop Chronocort, a modified release therapy that delivers hydrocortisone in a manner that mimics the body's normal circadian rhythm (the body's natural 24-hour hormone cycle).

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