25th Mar 2015 08:11
LONDON (Alliance News) - Advanced Oncotherapy PLC on Wednesday said it has signed a deal with Sinophi Healthcare Ltd for the purchase of a LIGHT proton therapy sytems to be installed at a hospital in China.
Sinophi is a UK-based company which invests in and managers public general and specialty hospitals in China. It expects to installed the LIGHT system as part of an oncology hospital project being carried out in Huai'an City in the Jiangsu province in east China.
The initial purchase is worth around USD40 million, with the final price dependent on customisations and treatment options selected by Sinophi, Advanced Oncotherapy said.
"We are delighted to have signed our first commercial purchase order for our LIGHT system and to have teamed up with an excellent partner. I look forward to working with the Sinophi team on this first installation in China and have no doubt that this partnership will provide us with wider access into the China market," said Chief Executive Sanjeev Pandya.
Shares in Advanced Oncotherapy surged on the news, up 45% to 6.57 pence in early trade, the best performer in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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