Financial PerformanceWith the additional capital expected to provide sufficient funding into 2028, RANI is now positioned to advance its lead obesity program, RT-114 into the clinic for obese, non-diabetic patients.
Market ValidationThe Chugai collaboration validates the RANI platform in our view.
Strategic PartnershipsRani Therapeutics announced a licensing deal for RaniPill technology to Chugai Pharmaceutical, with a concurrent private placement among fundamental healthcare institutions raising $60M in proceeds.