Disc Medicine, Inc. ( (IRON) ) has released its Q3 earnings. Here is a breakdown of the information Disc Medicine, Inc. presented to its investors.
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Disc Medicine, Inc. is a clinical-stage biopharmaceutical company dedicated to developing innovative treatments for serious hematologic diseases, focusing on red blood cell biology, heme biosynthesis, and iron homeostasis.
In its latest earnings report, Disc Medicine announced significant progress, including the submission of a New Drug Application (NDA) for bitopertin, aimed at treating erythropoietic protoporphyria (EPP), and the receipt of the FDA Commissioner’s National Priority Voucher to expedite the review process. The company also highlighted the advancement of its broader pipeline and a strong financial position.
Key financial metrics revealed a robust cash position of approximately $616 million, bolstered by a recent public offering. However, the company reported a net loss of $62.3 million for the third quarter of 2025, primarily due to increased research and development expenses and preparations for potential commercialization. Disc Medicine is actively progressing its clinical trials, including Phase 2 studies for DISC-0974 and DISC-3405, with data presentations anticipated in the coming months.
Looking ahead, Disc Medicine is poised for potential approval and launch of bitopertin in late 2025 or early 2026, supported by its strong financial foundation and ongoing clinical advancements. The company remains committed to delivering new treatment options for patients with hematological diseases.

