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Rani Therapeutics reports Q4 and full-year 2025 results, highlights $1.085B Chugai deal and oral drug delivery progress

Company Fundamentals
26 Mar 2026
GlobeNewsWire
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Bullish
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Rani Therapeutics announced its financial results for Q4 and full-year 2025, highlighting a $1.085 billion collaboration with Chugai Pharmaceutical to develop oral therapies using its RaniPill® platform. The company reported successful preclinical data for oral delivery of semaglutide and RT-114, a dual GLP-1/GLP-2 agonist, and initiated a Phase 1 trial for RT-114 targeting obesity. Rani raised $60.3 million in a private placement, repaid all outstanding debt, and ended 2025 with $49.7 million in cash and securities, expecting to fund operations into late 2027. These developments position Rani to advance oral biologic therapies and expand partnerships in high-value therapeutic areas.

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