H.C. Wainwright analyst Brandon Folkes assumed coverage of Rani Therapeutics (RANI) with a Buy rating and $11 price target The firm believes the company has “three significant value drivers,” its platform technology RaniPill, a recently announced collaboration agreement with Chugai Pharmaceutical for the development of a hemophilia product, and potentially an additional five drug targets, as well as RT-114, an oral GLP-1/GLP-2 dual agonist candidate. It expects data readouts on RT-114 to be the biggest driver of near-term value creation for Rani shares.
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