Rani Therapeutics Holdings Inc (OQ:RANI)
Business Focus: Bio Therapeutic Drugs
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2051 Ringwood Avenue SAN JOSE CA 95131 |
| Tel: | N/A |
| Website: | https://www.ranitherapeutics.com |
| IR: | See website |
| Key People | ||
| Mir Imran Executive Chairman of the Board | Talat Imran Chief Executive Officer, Director | Svai S. Sanford Chief Financial Officer |
| Mir Hashim Chief Scientific Officer | Eric Groen General Counsel | |
| Business Overview |
| Rani Therapeutics Holdings, Inc. is a clinical-stage biotherapeutics company. The Company is focused on advancing technologies to enable the administration of biologics and drugs orally, to provide patients, physicians, and healthcare systems with a convenient alternative to painful injections. It has developed a drug-agnostic oral delivery platform, the RaniPill capsule, which is designed to deliver a variety of drug substances, including antibodies, proteins, peptides, and oligonucleotides. The RaniPill GO, is designed to deliver up to a three micrograms (mg) dose of drug with high bioavailability. The capsule includes a coating designed to withstand stomach acid but dissolve in the jejunum portion of the small intestine. Its pipeline includes RT-102, RT-105, RT-111 and RT-110. It is also developing a high-capacity version of the RaniPill capsule known as the RaniPill HC, which is intended to enable delivery of drug payloads up to 200uL in liquid form with high bioavailability. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Rani Therapeutics Holdings Inc revenues was not reported. Net loss increased 11% to $34M. Higher net loss reflects Interest expense and other, net increase from $1.1M to $5.1M (expense), Stock-based Compensation in SGA increase of 32% to $12.6M (expense), Research and development - Balancing val increase of 9% to $33.2M (expense). |
| Employees: | 140 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $374.58M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$65.28M as of Dec 31, 2023 |
| Net annual income (TTM): | -$33.97M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$52.47M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 50,157,292 as of Mar 14, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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