Market PotentialThe obesity market is massive, with ~70M obese American adults, creating potential for multiple players and the versatility of RaniPill could enable further partnerships or internal development programs as obesity drugs come off-patent.
Product DevelopmentRani has demonstrated successful delivery of semaglutide via RaniPill with comparable bioavailability, weight loss, and PK, which could lead to a nearer term path to revenue in markets where semaglutide is coming off patent.
Strategic PartnershipsRani entered into a research agreement with Chugai Pharmaceutical Co., indicating a significant collaboration.