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Advanced Oncotherapy in £24 million investment agreement

Thu, 26th May 2016 13:35

(ShareCast News) - Advanced Oncotherapy has signed a £24m investment agreement with a fund advised by Metric Capital Partners LLP, pushing its shares up more than 7%.Metric Capital will invest the money in a financing facility to support Advanced Oncotherapy's provision of vendor financing for the installation of its first LIGHT machine at its London Proton Therapy Centre in Harley Street.Advanced Oncotherapy is a developer of next-generation proton therapy systems for cancer treatment.Of the £24m, £11m would be received shortly following signing, and the second tranche of £13m would be available for draw-down on completion of a £25m cash or capital injection to fund the development of a manufacturing base.Should these milestones not be achieved by end-March 2017, the initial £11m tranche would become repayable by September 2017.
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30 Dec 2022 14:33

IN BRIEF: Advanced Oncotherapy non-exec director buys 500,000 shares

Advanced Oncotherapy PLC - London-based particle therapy for cancer treatment - Non-Executive Director Michael Bradfield buys 500,000 shares at 13.17 pence, worth GBP65,825, on Thursday. Now has 8.4 million shares, a 1.6% stake.

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28 Nov 2022 15:45

Advanced Oncotherapy study delivers lower radiation for proton therapy

(Alliance News) - Advanced Oncotherapy PLC on Monday said that a recently-completed study has shown the potential superiority of its proton therapy in treating breast cancer patients.

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6 Oct 2022 20:10

TRADING UPDATES: ImmuPharma loss narrows; MetalNRG loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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27 Sep 2022 22:07

TRADING UPDATES: Goldstone Resources hails results; PCF moves deadline

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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19 Aug 2022 11:48

Advanced Oncotherapy raises another £1.47m as it advances 'LIGHT' system

(Sharecast News) - Proton therapy developer Advanced Oncotherapy announced it was raising £1.47m through a direct subscription on Friday, to fund its corporate activities as it moves its 'LIGHT' system towards full operation.

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19 Aug 2022 09:18

Advanced Oncotherapy shares rise on GBP1.5 million fundraise

(Alliance News) - Shares in Advanced Oncotherapy PLC jumped on Friday following its announcement of a GBP1.5 million equity fundraise.

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3 Aug 2022 21:21

IN BRIEF: Advanced Oncotherapy raises GBP550,691 for working capital

Advanced Oncotherapy PLC - London-based provider of proton therapy for cancer treatment - Raises GBP550,691 through direct subscription of 2.2 million shares at a price of 25 pence per share.

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30 Jun 2022 12:11

EARNINGS UPDATES: Accsys profit up, Dolphin Capital loss narrows

(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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28 Jun 2022 20:09

IN BRIEF: Advanced Oncotherapy raises GBP6.0 million in subscription

Advanced Oncotherapy PLC - London-based provider of proton therapy for cancer treatment - Raises GBP6.0 million before expenses in subscription for 24.1 million shares at 25 pence each. The issue price was a premium of 19% to the closing middle market price of a share on Monday. Notes Odey Asset Management LLP subscribed for GBP4.5 million in shares, on behalf of some of its funds.

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26 Apr 2022 20:36

IN BRIEF: Advanced Oncotherapy system optimised to sub-millimetre size

Advanced Oncotherapy PLC - London-based provider of proton therapy for cancer treatment - Says it has made "significant" progress with the commissioning of the Light system. This includes Light system beam being optimised to a sub-millimetre size, with a beam current of about 50 microamperes; and 20 of the 21 accelerating modules have been radio-frequency conditioned.

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25 Mar 2022 18:51

TRADING UPDATES: Europa eyes fundraise; Eastinco extends long stop

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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25 Mar 2022 13:18

Advanced Oncotherapy raises £2m for proton therapy development

(Sharecast News) - Proton therapy technology developer Advanced Oncotherapy announced an equity fundraise of £2m on Friday, to fund itself along its revised timetable for the development of the 'LIGHT' cancer therapy system.

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4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

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30 Sep 2021 11:21

TRADING UPDATES: Avation wings clipped by virus; Zaim swings to profit

TRADING UPDATES: Avation wings clipped by virus; Zaim swings to profit

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11 Aug 2021 19:54

TRADING UPDATES: Ince launches solution; PureTech gets USD6.5 million

TRADING UPDATES: Ince launches solution; PureTech gets USD6.5 million

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