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Advanced Oncotherapy PLC (AVO.L)

AVO.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Advanced Oncotherapy PLC announces joint venture agreement with CircleHealth
Monday, 12 Oct 2015 02:00am EDT 

Advanced Oncotherapy PLC:Says that it has signed joint venture agreement with CircleHealth to operate the company's proton beam cancer therapy centre in Harley Street.Says that under terms of the agreement, Advanced Oncotherapy and Circle will jointly own newly formed company into which funding of 6 million pounds will be provided in equal portions by the parties and will cover, inter alia, pre-opening costs and working capital.Arrangement, together with further definitive agreements to be finalised in the coming months, would combine Circle's clinician-led operating model with Advanced Oncotherapy's next-generation proton therapy systems for cancer treatment.Says once centre commences operation the equity in the operating company will be owned as to 50.1 pct. by Circle and remaining 49.9 pct. by Advanced Oncotherapy.  Full Article

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