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IN BRIEF: Advanced Oncotherapy in talks over possible cash injection

Mon, 23rd Oct 2023 18:51

Advanced Oncotherapy PLC - London-based provider of proton therapy for cancer treatment - Updates on financing discussions and current financial position. Signs non-binding term sheet with a third-party investor. Investor is expected to provide funding of up to USD80 million to meet the company's cashflow requirements through to the European certification of the LIGHT System. Notes the treatment of first patients with LIGHT is now targeted for 2024 with certification of the LIGHT System to follow thereafter. Anticipates the financing to be a mixture of equity and debt financing.

Company also says talks on bridge financing are ongoing and has raised GBP200,000 via a short-term four-month unsecured loan agreement with a new investor, and raised GBP150,000 from an existing investor under its secured convertible loan note agreement.

Current stock price: suspended at 1.75 pence

12-month change: down sharply from 1,925p

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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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

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

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

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

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.

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

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

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.

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

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

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

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

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

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

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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