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IRON — Disc Medicine Inc.

IRON (Disc Medicine Inc.) stock: $69.07, $2.65B market cap, $717.7M cash, $1.99B EV, $2.96B fully diluted market cap. Next expected readout: Oct-26. Lead program: bitopertin (Erythropoietic protoporphyria), Phase 3. Data from Fully Diluted's biotech stocks database.

Share price
$69.07
Market cap
$2,651.8M
Cash
$717.7M
Enterprise value
$1,993.4M

Balance sheet

Cash$717.7M
Debt$59.3M
Net cash$658.4M
Enterprise value$1,993.4M
Basic shares38.3M shares
Fully diluted shares42.8M shares
Fully diluted market cap$2,957.6M
Cash per share$18.74

Cash figures as of 2026-06-30. Database snapshot: 2026-09-22.

Price history

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Upcoming catalysts

ExpectedDrugPhaseIndicationMgmt guide
Oct 13 - Nov 24DISC-1459Phase 3Erythropoietic Protoporphyria (EPP); X-Linked Protoporphyria (XLP)Q4 2026
Nov 12 - Dec 24DISC-0974Phase 2Inflammatory Bowel Disease (IBD); Anemia; Inflammatory Bowel Disease (IBD); Anemia
Mar 15 - Apr 26DISC-3405Phase 2Polycythemia Vera (PV)
Jun 12 - Jul 24DISC-0974Phase 2Myelofibrosis; Anemia; Anemia; Myelofibrosis
Jul 13 - Aug 24DISC-3405Phase 1Sickle Cell Disease
Jul 13 - Aug 24DISC-1459Phase 3Erythropoietic ProtoporphyriaQ4 2026

Estimated readout windows: registry primary-completion date + 6-12 weeks. Windows already open are shown from "Now". Drug names link to ClinicalTrials.gov.

Full readout calendar →

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