Advanced Oncotherapy (AVO): Consolidating market
AVO is focused on delivering a more affordable, novel, proton-based radiotherapy system, based on technology originally developed at the world-renowned CERN. Major milestones have been achieved in 2017 and the company remains on track with its development plan to deliver and install the first LIGHT system in 2019. Confidence has been enhanced greatly by technical milestones, a distribution agreement in China and SE Asia, and a sizeable capital increase. An announcement that Hitachi and Mitsubishi Electric are integrating their respective proton therapy offerings into a single entity is a recognition of the value of this global opportunity.Advanced Oncotherapy is focused on providing radiotherapy systems for cancer treatment through the use of a proton therapy technology. Co. operates in two business segments: proton therapy and healthcare related properties. The healthcare related property U.K. segment relates to Co.'s property in Folkestone, which is being marketed for sale.
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