A team of Israeli scientists claim they will likely develop a cure for cancer in the next year, The Jerusalem Post reported on Monday.

The new treatment is being developed by Accelerated Evolution Biotechnologies under the leadership of CEO Dr. Ilan Morad, according to the report.

“We believe we will offer in a year’s time a complete cure for cancer,” said Dan Aridor, chairman of the company’s board. “Our cancer cure will be effective from day one, will last a duration of a few weeks and will have no or minimal side-effects at a much lower cost than most other treatments on the market.”

The treatment, called MuTaTo, will use a combination of cancer-targeting peptides and a toxin that will specifically kill cancer cells.The treatment will eventually be personalized and a specific cocktail of the drugs will be given to patients based on their type of cancer, Morad told the newspaper.

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