Promising Clinical and Financial Developments Drive Buy Rating for RAPT TherapeuticsThis morning, RAPT Therapeucs (Nasdaq: RAPT) reported Q3 2025 earnings and provided a corporate update. The largest highlight for the Company came in October, when topline data from the Phase 2 trial in CSU were reported from their Chinese partner Jeyou, with lead asset RPT904 – now officially named ozureprubart (our NOTE on the data). The readout was highly validang for the mAb, demonstrang numerically superior efficacy to Xolair (omalizumab) at up to a Q12W dosing interval, represenng a nice advance over the Q4W first- generaon standard-of-care (Xolair) in CSU. Addional details will be presented at an upcoming medical meeng. Following the posive results, RAPT raised $250M in gross proceeds from a stock offering, which should help operaons into mid-2028, including the iniaon of a Phase 3 program with ozureprubart in CSU.