Advanced Oncotherapy ("AVO") has announced the purchase of a LIGHT system by The Mediterranean Hospital of Limassol in Cyprus. In addition to the purchase price of €50m (£41.6m), the parties have entered a profit share agreement entitling AVO to a portion of the net profits from the new facility. With the manufacturing of the key hardware components of the first LIGHT system completed, technical risk has largely been removed in our opinion. The sale of the first commercial LIGHT sy
18 Feb 2020
Purchase of LIGHT system highlights growing commercial momentum
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Purchase of LIGHT system highlights growing commercial momentum
Advanced Oncotherapy Plc (AVO:LON) | 1.9 0 0.0% | Mkt Cap: 10.4m
- Published:
18 Feb 2020 - Author:
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Pages:
5
Advanced Oncotherapy ("AVO") has announced the purchase of a LIGHT system by The Mediterranean Hospital of Limassol in Cyprus. In addition to the purchase price of €50m (£41.6m), the parties have entered a profit share agreement entitling AVO to a portion of the net profits from the new facility. With the manufacturing of the key hardware components of the first LIGHT system completed, technical risk has largely been removed in our opinion. The sale of the first commercial LIGHT sy