Advanced Oncotherapy announced that it has signed a joint venture agreement with CircleHealth to operate the Company's proton beam cancer therapy centre in Harley Street. Under the terms of the agreement, Advanced Oncotherapy and Circle will jointly own a newly formed company into which funding of GBP 6 million will be provided in equal portions by the parties and will cover, pre-opening costs and working capital. The 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.

Once the centre commences operation the equity in the operating company will be owned as to 50.1% by Circle and the remaining 49.9% by Advanced Oncotherapy.