Disc Medicine (NASDAQ: IRON), a clinical-stage biopharmaceutical company, announced the pricing of an upsized underwritten public offering of 6 million shares at $75 per share, generating $450 million in gross proceeds. The company plans to use the funds for research and clinical development of product candidates, including bitopertin for erythropoietic protoporphyria (EPP) and X-linked protoporphyria (XLP), and general corporate purposes. The offering is expected to close on October 22, 2026.
IRON
Disc Medicine, Inc. · NASDAQ
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3 latestThe Rosen Law Firm is investigating potential securities claims against Disc Medicine, Inc. (NASDAQ: IRON) following an FDA Complete Response Letter on February 13, 2026, regarding its bitopertin program. The FDA stated it could not approve the new drug application due to uncertainties requiring additional evidence.
Disc Medicine's stock price fell 22% on the news. The firm is preparing a class action lawsuit to recover investor losses.
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Disc Medicine announced it will host a webcast on October 19, 2026 to discuss topline results from the APOLLO Phase 3 trial of bitopertin in EPP. Bitopertin is an investigational oral GlyT1 inhibitor designed to modulate heme biosynthesis and has potential to be the first disease-modifying therapy for erythropoietic porphyrias.
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