RAPP · CIK 2012593
What Rapport Therapeutics, Inc. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for RAPP. More may follow as additional filings are processed.
In its own words
What could break it.
Commodity & input dependence
- China-sourced APIs and raw materials / tariffsmedium
Rapport's product candidates rely on APIs and raw materials exposed to U.S. import tariffs and potential Chinese retaliatory trade measures that could restrict access or raise costs.
“our business may be adversely impacted by retaliatory trade measures taken by China or other countries, including restricted access to such raw materials used in our product candidates.”
Supplier concentration
- Fully outsourced manufacturing (including China); limited number of manufacturersmedium
Rapport outsources all manufacturing of its product candidates to third parties, including in China, and although drug substances have more than one supplier the number of qualified manufacturers is limited — concentrating supply risk.
“Our current strategy is to outsource all manufacturing of our product candidates to third parties, including in jurisdictions outside of the United States such as China.”
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
“Beginning in the fourth quarter of 2023, we also began to derive revenue from services provided to Rapport pursuant to our collaboration agreement with Rapport.”
Cited →Janssen (Johnson & Johnson)
“Substantially all of our product candidates were initially developed by Janssen, which we in-licensed pursuant to the Janssen License, entered into shortly after our formation.”
Cited →
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