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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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25 Jul 2019 13:06

Advanced Oncotherapy On Course For First LIGHT Treatment In 2020

(Alliance News) - Advanced Oncotherapy PLC on Thursday said it is on track for first patient treatment with its LIGHT proton therapy system by 2020 end.Shares in the proton therapy systems

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22 Jul 2019 13:37

Advanced Oncotherapy Completes Harley Street Structural Works

(Alliance News) - Advanced Oncotherapy PLC, which is developing proton therapy systems for cancer treatment, said on Monday structural building work at its first proposed commercial installation a

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28 Jun 2019 11:01

Advanced Oncotherapy Loss Widens On Cost Of Sales And Expenses

(Alliance News) - Advanced Oncotherapy PLC on Friday said its loss widened in 2018 as a consequence of cost of sales and higher administrative expenses.The proton therapy company incurred a

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3 Jun 2019 14:13

Advanced Oncotherapy LIGHT System Beats Convention In Efficiency Study

LONDON (Alliance News) - Advanced Oncotherapy PLC on Monday said a study of LIGHT system showed it was more efficient than common alternatives in proton therapy.Proton therapy is a type of

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10 May 2019 13:12

Advanced Oncotherapy secures £12.35m through loan and subscription

(Sharecast News) - Proton therapy developer Advanced Oncotherapy has secured additional financing of £12.345m in the form of a two-year secured debt facility with Credit Suisse for £10m, and a direct subscription raising a total of £2.345m from predominantly Swiss institutional investors, it announced on Friday.

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10 May 2019 11:08

Advanced Oncotherapy Raises GBP12 Million To Progress LIGHT System (ALLISS)

LONDON (Alliance News) - Advanced Oncotherapy PLC said Friday it has raised over GBP12 million through the combination of a debt facility and share subscription in order to continue to develop its

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21 Jan 2019 12:40

Advanced Oncotherapy Obtains ISO Certification For Medical Devices

LONDON (Alliance News) - Advanced Oncotherapy PLC on Monday said it obtained ISO certification, enabling it to continue to develop the LIGHT proton therapy system.The company, focused on is

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21 Dec 2018 10:40

Advanced Oncotherapy looks to collect £10m in DNCA-backed fundraiser

(Sharecast News) - Cancer therapy developer Advanced Oncotherapy said it would issue 25m new ordinary shares at 40p each through direct subscription aimed at raising £10m.

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10 Oct 2018 10:44

WINNERS & LOSERS SUMMARY: Urals Energy Sinks On Unauthorised Loan

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Sage up the

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10 Oct 2018 10:15

Advanced Oncotherapy Shares Rise 30% As It Ramps Up Proton Beam

LONDON (Alliance News) - Proton therapy treatment developer Advanced Oncotherapy PLC on Wednesday said it has achieved significantly improved performance from its LIGHT system.Shares were a

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28 Sep 2018 14:35

Advanced Oncotherapy Loss Widens As It Makes "Significant Advances"

LONDON (Alliance News) - Advanced Oncotherapy PLC said on Friday its interim loss widened on higher costs as it made "significant advances" in its beam testing.The company's a

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10 Sep 2018 18:30

Liquid Harmony Holds 27% Stake In Advanced Oncotherapy After Deal (ALLISS)

LONDON (Alliance News) - Advanced Oncotherapy PLC said Monday that Liquid Harmony Ltd holds a 26.54% stake in the cancer treatment company after a transaction last Monday.Liquid holding the

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2 Aug 2018 13:37

Advanced Oncotherapy Raises GBP6.4 Million In Share Issue (ALLISS)

LONDON (Alliance News) - Advanced Oncotherapy PLC said Thursday it has raised GBP6.4 million in gross proceeds via placing shares with new investors based in Switzerland and certain company, which

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2 Jul 2018 12:30

Advanced Oncotherapy Makes Board Changes As Part Of China Push

LONDON (Alliance News) - Advanced Oncotherapy PLC said Monday that Sanjeev Pandya, Euan Thomson and Chris Nutting have stood down from the board.The developer of proton therapy systems for

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29 May 2018 11:42

Advanced Oncotherapy Develops Measurement Unit For LIGHT System Beam

LONDON (Alliance News) - Advanced Oncotherapy PLC said Tuesday it has developed a measurement system, called Time-of-Flight, to measure the speed of the proton beam in its LIGHT system.The

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