22nd Jul 2014 09:45
LONDON (Alliance News) - Advanced Oncotherapy PLC said Tuesday it has signed a collaboration with ScandiNova Systems AB for the development of high energy systems to power part of its LIGHT technology.
ScandiNova is a Sweden-based technology company which specialises in creating solid state controlled power systems.
The LIGHT radiotherapy system is based around technology Advanced Oncotherapy acquired in 2013 from ADAM SA, a spin-off company from the European Organization for Nuclear Research, known as CERN, in Geneva. The technology produces a proton beam that can be used to treat cancer.
ScandiNova's power unit will be used to power the part of the LIGHT system that creates this proton beam.
"Advanced Oncotherapy is going to continue this relationship and ScandiNova will become a key partner and supplier in helping us develop our complete LIGHT system," said Chief Executive Sanjeev Pandya in a statement.
No financial details were disclosed.
Shares in Advanced Oncotherapy were trading up 5.9% at 3.60 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
AVO.L