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Technological update

28 Dec 2017 07:00

RNS Number : 3926A
Advanced Oncotherapy PLC
28 December 2017
 

ADVANCED ONCOTHERAPY PLC

("Advanced Oncotherapy" or the "Company")

 

Technological update

 

LIGHT accelerator and Harley Street construction on track and on target

 

Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, announces that it remains on schedule with the development of the first LIGHT system, as per the timetable provided to shareholders on 6 March 2017, and provides the following technological update:

 

The Company continues to make significant advancements in the technology development and manufacture of its first LIGHT system following the successful integration and testing of the first Side Coupled Drift Tube Linac ("SCDTL") with the Radiofrequency Quadrupole ("RFQ") and proton source. Lower power testing of the individual accelerating SCDTL units have met expectations and results provide confidence that the units are now capable of accelerating a proton beam to 25MeV through the SCDTL. With much of the technological development now de-risked, the Company is on target to have a system capable of treating superficial tumours by the end of Q3 2018.

 

Prof. Ugo Amaldi, President of the TERA Foundation and member of Company's Medical advisory board, commented: "The most challenging part in building a new linear accelerator is the manufacturing and individual testing of the accelerating structures; their integration in a single linear accelerator is a simple process. We are very confident that SCDTLs will work properly, also because an identical system is working up to 35MeV in the ENEA laboratory at Frascati, Italy. For the Couple Cavity Linac ("CCL") modules, we are also confident since one of them has been successfully built and tested by the TERA Foundation and accelerated protons from 62 to 73MeV."

 

In addition, there has been good progress in the creation of the Patient Positioning System ("PPS") which ensures that the patient is ideally prepared for the high accuracy and dose sparing proton treatments produced by the LIGHT system. The Diagnostic Quality CT scanner used in the treatment room to image patients in a seated position has been manufactured, and integration testing completed. A real time X-ray verification system which enables continuous imaging of moving tumours, has also been developed, a challenge in proton therapy. In addition, the robotic treatment chair which can move and rotate the patient with high precision has been successfully tested. Most significantly, the overall connectivity from the PPS and the LIGHT system accelerating units has been established and successfully evaluated with system function emulation tools.

 

The scanning magnet subsystem, which provides the capability to accurately 'paint' the targeted tumour with protons, has now been produced. This is an essential part of the directional dose delivery system (or Nozzle System), which remains on schedule.

 

Progress at the Harley Street site remains on-track with the next stage of sub-structural work progressing well. Having completed the piling, further excavation work is now in progress and the Company will continue to provide on-site video updates through the Advanced Oncotherapy website.

 

Commenting, Nicolas Serandour, CEO of Advanced Oncotherapy, said: "I am very pleased that the technological development of our LIGHT system remains on track and, with protons accelerated through three of the main four accelerating structures, the proton source, RFQ and SCDTL, and the design of the fourth accelerating structure already proven, we are confident that we will have a proton therapy system capable of treating superficial tumours by the end of Q3 next year.

 

"As we come to the end of the year I am delighted that we enter 2018 in a strong position, not only through the technological developments achieved to date, but also through the security of longer-term financing now completed and with good progress to report at our flagship Harley Street site."

 

For further information, please contact:

 

Advanced Oncotherapy Plc

www.avoplc.com

Dr. Michael Sinclair, Executive Chairman

Tel: +44 20 3617 8728

Nicolas Serandour, CEO

Stockdale Securities (Nomad & Joint Broker)

Antonio Bossi / Ed Thomas

Tel: +44 20 7601 6100

Stifel Nicolaus Europe (Joint Broker)

Jonathan Senior / Ben Maddison

Tel: +44 20 7710 7600

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 is a provider of particle therapy with protons that harnesses the best in modern technology. Advanced Oncotherapy's team "ADAM", based in Geneva, focuses on the development of a proprietary proton accelerator called Linac Image Guided Hadron Technology (LIGHT). LIGHT's compact configuration delivers proton beams in a way that facilitates greater precision and electronic control which is not achievable with older technologies.

 

Advanced Oncotherapy will offer healthcare providers affordable systems that will enable them to treat cancer with an innovative technology as well as 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.

 

About ENEA www.enea.it/en

The ENEA is the name for the Italian National Agency for New Technologies, Energy and Sustainable Economic Development. It is the second major Italian research organisation with around 2,700 staff employees across its nine research centres. The ENEA has a number of collaboration agreements with Advanced Oncotherapy.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
UPDTRBFTMBATBLR
Date   Source Headline
8th Jul 201511:41 amRNSHolding(s) in Company
2nd Jul 20157:00 amRNSCommencement of initial SCDTL testing
1st Jul 20152:08 pmRNSDirector Dealing & Total Voting Rights
29th Jun 201511:08 amRNSResult of AGM
8th Jun 20157:00 amRNSDirector/PDMR Shareholding
4th Jun 20157:00 amRNSDirector/PDMR Shareholding
3rd Jun 20157:00 amRNSFinal Results
26th May 20152:38 pmRNSHolding(s) in Company
20th May 201512:20 pmRNSNotice of Results
19th May 20157:00 amRNSSuccessful RF power testing of the first CCL unit
15th May 20157:00 amRNSExercise of Warrants
11th May 201511:27 amRNSHolding(s) in Company
1st May 20157:00 amRNSPlacing
27th Apr 20157:00 amRNSExercise of Warrants
20th Apr 20157:00 amRNSStmnt re Share Price Movement
9th Apr 20155:42 pmRNSHolding(s) in Company
8th Apr 20157:00 amRNSExercise of Warrants
2nd Apr 201512:48 pmRNSUpdate on ScandiNova collaboration
25th Mar 20157:00 amRNSFirst commercial sale of LIGHT machine in China
12th Mar 20157:00 amRNSLoan agreement
2nd Mar 20157:00 amRNSSale of Southampton property
19th Feb 20157:00 amRNSExercise of warrants and conversion of debt
5th Feb 20157:00 amRNSDirector/PDMR Shareholding
4th Feb 20158:52 amRNSCorrection - Director/PDMR Shareholding
4th Feb 20157:00 amRNSDirector/PDMR Shareholding
28th Jan 20157:00 amRNSLondon Harley Street Proton Therapy Centre
26th Jan 20157:00 amRNSManufacturing of CCL module complete
20th Jan 20157:00 amRNSEstablishment of CERN Scientific Review Board
12th Jan 20157:00 amRNSSupply agreement with Pyramid
2nd Dec 20147:00 amRNSExclusivity agreement signed
25th Nov 20147:00 amRNSManufacturing Agreement for CCL
18th Nov 20147:00 amRNSInvestor Presentation
4th Nov 20142:54 pmRNSHolding(s) in Company
30th Oct 20147:00 amRNSInvestor Presentation
27th Oct 20147:00 amRNSJoint MOU with TECHNA Institute and TERA
20th Oct 20146:29 pmRNSCorrection: Director Dealing
20th Oct 201410:17 amRNSDirector Dealing
17th Oct 20147:00 amRNSConversion of Loans
9th Oct 20147:00 amRNSDirectorate Change
3rd Oct 20145:51 pmRNSHolding(s) in Company
3rd Oct 20147:00 amRNSDirector share purchase & Issue of Equity
1st Oct 20142:21 pmRNSAward of Options and Director Dealing
29th Sep 20147:00 amRNSHalf Yearly Report
25th Sep 20144:00 pmRNSExercise of Warrants
18th Sep 20143:17 pmRNSHolding(s) in Company
10th Sep 20147:00 amRNSIssue of Equity
4th Sep 201410:26 amRNSHolding(s) in Company
27th Aug 20147:00 amRNSAppointment of Nicolas Serandour
14th Aug 20147:00 amRNSStrategic Partnership with Toshiba
8th Aug 20147:00 amRNSIssue of Equity and Warrants and director deal

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