If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAVO.L Regulatory News (AVO)

  • There is currently no data for AVO

Exclusivity agreement signed

2 Dec 2014 07:00

RNS Number : 5414Y
Advanced Oncotherapy PLC
02 December 2014
 



 

 

ADVANCED ONCOTHERAPY PLC

("Advanced Oncotherapy" or the "Company")

 

Exclusivity agreement with SUNY Upstate Medical University Hospital, New York

Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, announces that the SUNY Upstate Medical University Hospital ("SUNY"), has signed an agreement to exclusively work with Advanced Oncotherapy to install the first LIGHT system in the highly-sought after area of Syracuse, Central New York State.

 

The agreement extends the collaboration previously announced on 20 May 2014 whereby both parties signed a Letter of Intent to establish a relationship to build a three-room proton treatment facility incorporating the first operational LIGHT system in North America.

 

SUNY is set to become Advanced Oncotherapy's US hub for research and development, manufacture and treatment using the next generation proton therapy technology for treating cancers. In addition SUNY and Advanced Oncotherapy will develop a clinical training and sales facility on the same site, which could ultimately supply LIGHT machines to all of the Americas.

SUNY is a leading academic medical centre in Central New York, serving 1.8 million people in the state from Canada to Pennsylvania with its educational, clinical and research missions. It is also the region's largest employer with more than 9,000 employees.

 

Advanced Oncotherapy has been approached on a regular basis by hospitals across the US, South America and Asia interested in using its innovative and affordable proton beam technology and has Letters of Intent from BMI and Spire, two of the leading chains of private hospitals in the UK.

 

John McCabe, CEO of Upstate Medical University Hospital, commented: "Both Advanced Oncotherapy and SUNY have made significant progress since the Letter of Intent signed earlier this year and this momentum has materialised into this exclusivity agreement. Proton therapy has been recognised and used for many years as a superior treatment modality in the fight against cancer. Nevertheless, widespread treatment of common cancers has been impractical, due to the size and cost of proton therapy machines. Advanced Oncotherapy has been pushing boundaries of proton therapy way beyond these issues and I am proud that Syracuse has been chosen as one of the first sites in the world for this ground-breaking proton therapy system."Commenting on the agreement, Sanjeev Pandya, CEO of Advanced Oncotherapy said: "As highlighted in our recent investor day, we have an exciting and rapidly progressing development plan and this agreement is another key step forward in our transformational journey to become the leading proton therapy player. Both parties are driven by a clear objective of delivering innovative and affordable proton therapy solutions to the Central New York area and we look forward to seeing this strong partnership bear fruits for the benefits of patients and payors."

 

 

Advanced Oncotherapy Plc

www.avoplc.com

Sanjeev Pandya, CEO

Tel: +44 20 3617 8728

Nicolas Serandour, CFO

Westhouse Securities (Nomad & Joint Broker)

Antonio Bossi / David Coaten

Tel: +44 20 7601 6100

Beaufort Securities (Joint Broker)

Saif Janjua / Jon Levinson

Tel: +44 20 7382 8300

Walbrook PR (Financial PR & IR)

Tel: +44 20 7933 8780 or avo@walbrookpr.com

Paul McManus / Anna Dunphy

Mob: +44 7980 541 893 / Mob: +44 7876 741 001

 

 

 

About Advanced Oncotherapy Plc www.avoplc.com

 

Advanced Oncotherapy's team based at CERN in Geneva focuses on the development of a proprietary proton accelerator called Linac Image Guided Hadron Technology (LIGHT). LIGHT accelerates protons to the energy levels achieved in legacy machines but in a unit that is a quarter of the size and between a quarter and a fifth of the cost. This compact configuration delivers proton beams in a way that facilitates a greater precision and electronic control which is not achievable with older technologies.

 

Advanced Oncotherapy is a provider of particle therapy with protons that harnesses the best in modern technology. As a result, Advanced Oncotherapy will offer healthcare providers affordable systems that will enable them to treat cancer with an innovative technology as well as better health outcomes and lower treatment related side effects.

 

Advanced Oncotherapy continually monitors the market for any emerging improvements in delivering proton therapy and actively seeks working relationships with providers of these innovative technologies. Through these relationships, the Company will remain the prime provider of an innovative and cost-effective system for particle therapy with protons.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGRUGGBWPUPCGMG
Date   Source Headline
26th Apr 20177:00 amRNSConversion of Convertible Loan Notes
25th Apr 20175:48 pmRNSAdditional financing agreement
25th Apr 20177:00 amRNSDirector/PDMR Shareholding
18th Apr 20177:00 amRNSConversion of loan notes
13th Apr 20177:00 amRNSDirector Dealing
11th Apr 20177:00 amRNSConversion of loan notes
7th Apr 20177:00 amRNSConversion of loan notes
6th Apr 20172:07 pmRNSTotal Voting Rights
4th Apr 20174:01 pmRNSDirector Dealing
4th Apr 201710:05 amRNSDirector Dealing - Replacement
4th Apr 20177:00 amRNSDirector Dealing
31st Mar 20175:10 pmRNSResult of General Meeting
27th Mar 20177:00 amRNSAdditional financing agreement
21st Mar 20177:00 amRNSHolding(s) in Company
15th Mar 20177:15 amRNSHardman Research: Delivery of LIGHT
10th Mar 20177:00 amRNSPosting of Circular, Notice of GM and Update
6th Mar 20173:30 pmRNSInvestor presentation and Update
28th Feb 20177:00 amRNSConversion of convertible loan notes
24th Feb 20177:00 amRNSUpdate on financing and Harley Street
22nd Feb 20177:00 amRNSFinancing agreement
16th Feb 20177:00 amRNSInvestor presentation
8th Feb 20177:00 amRNSSignificant shareholder
6th Feb 20177:00 amRNSSinophi update
26th Jan 20177:00 amRNSDirectorate Changes
24th Jan 20177:00 amRNSSinophi Update
23rd Jan 20177:00 amRNSNon-dilutive financing plan update
3rd Jan 201711:41 amRNSDirector Dealing
29th Dec 20162:13 pmRNSDirector Dealing
29th Dec 201612:51 pmRNSSignificant Shareholding Dealing
22nd Dec 20161:36 pmRNSDirector Dealing
22nd Dec 20167:00 amRNSFurther progress in LIGHT technical development
21st Dec 201611:47 amRNSDirector Dealing
21st Dec 20167:00 amRNSDirector Dealing
20th Dec 20167:00 amRNSDirector dealing
15th Dec 20167:00 amRNSVideo of LIGHT system and testing facilities
30th Nov 20163:39 pmRNSOperational Update
29th Nov 201611:29 amRNSDirector Dealing - replacement
29th Nov 201610:06 amRNSDirector Dealing
24th Nov 20164:24 pmRNSUpdate on Harley Street and Sinophi
15th Nov 20165:45 pmRNSHolding(s) in Company
8th Nov 20167:00 amRNSChange of Adviser
7th Nov 20162:55 pmRNSExercise of Options and Issue of Shares
1st Nov 20167:00 amRNSDirectorate Change
1st Nov 20167:00 amRNSResult of Open Offer
31st Oct 20167:00 amRNSIndustrialisation agreement with Thales
27th Oct 20167:00 amRNSDirectorate Change
25th Oct 20164:59 pmRNSREPLACEMENT: Director Dealing
25th Oct 20163:01 pmRNSDirector Dealing
19th Oct 20167:00 amRNSHarley Street planning permission granted
14th Oct 20167:00 amRNSOpen Offer

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.