Pete, I'm sure there are others but Peplin Inc asx PLI was taken over by Leo Pharmaceutical in 2009. Was beginning stage 3 clinical trials on a north Queensland weed derived skin cancer treatment.
http://www.gbsventures.com.au/news-and-events/gbs-portfolio-company-peplin-inc-to-be-acquired-by-leo-pharma-for-us-287-5m
Was a shareholder and did quite well from the acquisition. Not sure if the promising treatment went any further though.
Keep well cheers Paul
Ann: AGM Presentation, page-64
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