Some DD on Clinuvel Pharmaceuticals an Australian Company a friend told me about last year. I had some shares last year around $2.00 a share but sold to buy some pinkie stocks. Their stock is now trading around $7.70 and trades in the U.S. under CLVLY. Listed in Australia (ASX:CUV) and Frankfurt (XETRA:UR9)
They are in Phase III of their testing and are cash rich to use for research and development for at least three years per their 2007 annual report released today.
Here are some links for those who wish to do some DD.