H.C. Wainwright reiterates Rani Therapeutics stock rating on FDA program acceptance
H.C. Wainwright reiterated a Buy rating and $11.00 price target for Rani Therapeutics (RANI) after its RaniPill platform was accepted into the FDA's Emerging Technology Program. The company reported Q2 EPS of $(0.04), beating estimates, and has $53.4M in cash. RANI also announced positive Phase 1 data for RT-114 and a partnership with PegBio for obesity treatments.
