Financial PerformanceRani reported its financial results, recording a net loss of $0.44 per share, which was better than the prior estimate of a net loss of $0.55 per share.
Market PotentialThe obesity market is massive, and Rani seems to be positioning itself to serve different segments with its drug profiles, offering opportunities in this segment.
Partnership And CollaborationRani Therapeutics announced an agreement with ProGen to develop a GLP-1/GLP-2 dual agonist using RaniPill, offering a potential new contender in obesity treatment.