Rani Therapeutics Holdings, Inc., a clinical-stage biotherapeutics company focused on the oral delivery of biologics and drugs, announced the appointment of Abraham Bassan and Vasudev Bailey, Ph.D., to its Board of Directors. In conjunction with the new appointments, Andrew Farquharson and Maulik Nanavaty have stepped down from the Board of Directors.
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“We are thrilled to welcome Abe and Vasudev to our Board of Directors as we enter an exciting new era for Rani, highlighted by both our clinical-stage pipeline and expansion opportunities into high-value therapeutics from our recently announced collaboration with Chugai,” said Talat Imran, CEO of Rani Therapeutics. “Both are seasoned investors with successful track records that will bring a diverse set of skills to our Board. Abe’s deep experience as an operator in supporting therapeutics programs along with Vasudev’s expertise in biomedical engineering and emerging healthcare technology will be instrumental in unlocking the full potential of our oral delivery platform.”
Abe Bassan is currently a Partner at Samsara BioCapital, a leading biotech investment firm focused on identifying opportunities across public and private markets, where he joined in 2017 following the fund’s inception. In prior roles, he served as the Director of Program Biology at Revolution Medicines and was a project manager for multiple gene therapy programs at bluebird bio. Before bluebird, Abe was an Associate at Third Rock Ventures, where he was involved in the firm’s investment in bluebird bio and concept creation for Blueprint Medicines. He received an BA in Molecular Biology from Princeton University, and an MS in Developmental Biology from Stanford University.
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Vasudev Bailey, Ph.D., is currently the General Partner of Anomaly Ventures. He also sits on the Board of Advisors for the Department of Biomedical Engineering at Johns Hopkins Medicine (since 2019) and the Board of the University of California, Irvine, since 2024. Vasudev has an extensive track record investing in health technology and therapeutics companies. Prior to his venture career, he served as the General Manager and Co-founder of GLG Institute, the world’s largest network of CEOs and CXOs, and as a Management Consultant at McKinsey & Company. Before McKinsey, he spent five years at Johns Hopkins School of Medicine developing technology for the early detection of cancer, focusing on epigenetics-based personalized chemotherapy testing. Vasudev holds a Ph.D. in Biomedical Engineering from The Johns Hopkins University School of Medicine and a BS in Biomedical Engineering with a Minor in Political Science from UC Irvine.
Rani concurrently announced the closing of its previously announced private placement that is expected to result in gross proceeds to Rani of approximately $60.3 million and was led by Samsara BioCapital, with participation from additional investors, including, Anomaly, RA Capital Management, Special Situations Funds, Invus and Mr. Mir Imran, the Company’s executive chairman.
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Source- GlobeNewswire
