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Biotech unicorn Rani Therapeutics raises $69M for its 'robotic pills' - Silicon Valley Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Rani Therapeutics Raises $69 Million Series E To Advance Clinical Trials And Manufacturing Of Robotic Pill News provided by Share this article Share this article SAN JOSE, Calif., Dec. 10, 2020 /PRNewswire/ Rani Therapeutics, a clinical-stage biopharmaceutical company and developer of the RaniPill™ robotic pill, today announced that it has raised $69 million in a Series E financing, bringing the total funding to $211 million. BofA Securities acted as financial advisor to the company. The company s platform technology converts injectable drugs like PTH and adalimumab into pills. The market potential of the RaniPill™ to replace injectable biologics with oral versions, represents multiple billion-dollar opportunities for diabetes, arthritis, psoriasis, hemophilia and other diseases. ....