Disc Medicine adds $62.5 million to pipeline development fund

15 February 2023

Hematologic diseases specialist Disc Medicine (Nasdaq: IRON) has announced a $62.5 million financing.

Bain Capital Life Sciences led the financing, contributing $50 million, with participation from existing investors, Access Biotechnology and OrbiMed.

It has been a busy period for Disc, which went public upon completion of a reverse merger late last year. In January, the firm announced a licensing deal with Mabwell (SHA: 688062), adding a third, clinic-ready candidate, MWTX-003, to its pipeline. This is set to be developed as a treatment for polycythemia vera and other indications.

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