Disc Medicine (IRON) logo

Disc Medicine (IRON) stock

Blood disease medicines , market cap $3.5B

$84.64
+4.16%

As of Tuesday's close · Live for Pro members at the open

Quality Score
5
Below Average
In its industry
#79of 281
Checks firing
6of 14
Trending up
From 52-week high
-14.9%
under its best in a year

IRON's Quality Score rose 1 point on Tue, Nov 10, to 5. Its price is now higher than a year ago.

Follow IRON's trial news. Pro members can get an alert when Disc Medicine files news, and see its trials, share raises, and its CEO's filings.

Get an alert when IRON files news on its trialsSee it live, free until Thursday morning. No account. No card. Then keep going with a free account.

We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.

NextEnd of 2026“of 2026 DISC-3405 Initial POC Established RESTORE-PV update and initial SCD data expected by end of 2026 EPP…”Trial data · SEC filing · Oct 19
Cash$683M, about 14 quarters (3.5 years) at the last year's spendingOn Sep 30 · raised money since, not counted · the company says “into 2030”

Why is IRON up?

Up 4.2% today, while its biotech peers are down 1.4%; no story names it yet.

Fell on Nov 5

Down 5.8% on Nov 5, a down day for the market: the S&P 500 fell 4%, 86% of stocks fell, and biotech stocks a median 6.3%.

  • Its Nov 5 results: sales and admin costs were $20.1M, from $17.4M a year before. It fell 6% on Nov 5.

Sources: Price history, Nov 5, 2026; Company release, Nov 5, 2026

1 more reason, free with an account →1 more reason why IRON fell on Nov 5, from its filings, with the other side, the timeline, and its peers, for Pro members.

Key facts on IRON

Key facts on IRON
Holding it backA $243M loss wider than $181M a year earlier
Latest filing8-K, Nov 5 Reported its quarterly results
1 more reason behind IRON's 5, free with an account →2 more reasons behind IRON's 5, for Pro members.

IRON in the news

TodayNo story names it yet.

Big story

Mon Oct 19: Trial

Disc Medicine surge 60% on positive Phase 3 trial for rare sunlight disorder

IRON closed +38.9% that day on 15.8x normal volume.

Reported by Investing.com · covered by 19 outlets

Get an alert on IRON's next big story →

Outlet counts from the GDELT Project. The move is what IRON did that session, not a claim about why.

What's next

Thu Nov 12: Stifel Healthcare Conference 2026Investor conference · date confirmed.

Expected to report Thu Feb 25, before the open

After its last 4 reports it closed +0.8% on average, higher 2 of 4 times.

3 more dates ahead: conferences, for Pro members.

Cash$683M, about 14 quarters (3.5 years) at the last year's spendingOn Sep 30 · raised money since, not counted · the company says “into 2030”

IRON catalysts

Coming up

7 more coming up and 6 past catalysts since 2026, with sizes and sources, for Pro members.

What's next for IRON, and how long its cash lasts

Next step the company has named

End of 2026“of 2026 DISC-3405 Initial POC Established RESTORE-PV update and initial SCD data expected by end of 2026 EPP: Debilitating disease with high unmet need and defined patient population Data…”Trial data · SEC filing · Oct 19

What it means: the first look at a trial’s main results, as the company reports them.

Lead program
DISC-3405
Another trial
HELIOS: Open-Label, Long-Term Extension Study to Investigate the Safety, Tolerability, and Efficacy of DISC-1459 (Bitopertin) in Participants With EPP or XLPPhase 2/3 · By invitation · 230 people · main data estimated Jun 2028 · NCT05883748

4 more trials, 6 more milestones and 45 filings, for Pro members.

Cash runway Sep 30 balance sheet

About 14 quarters

$683M in cash and short-term investments, at its spending over the last year

What it means: how long the cash would last at the same pace, before any new money. The company's estimate is “into 2030” (8-K, Nov 5). It has raised money since that balance sheet, which is not counted here.

For Pro members: the cash used each quarter, and the math.

Dilution on the horizon

  • Shelf registration (S-3ASR, filed Aug 8, 2024)
  • At-the-market share sales program (424B5, filed Nov 5, 2026)

For Pro members: 7 raises and their amounts, and the share count against a year ago.

Insiders

Director Kevin Bitterman sold 41,825 shares on Oct 21, under a planned sale. 27 more insider trades this year.

From Form 4: open-market buys and sales only.

For Pro members: every trade, and John Quisel’s 27 filings and quotes.

See every upcoming FDA date →

FDA dates in the next 60 days

Decision dates and advisory committee meetings the companies have announced in their filings, soonest first and small companies first.

DateStockDrug

14 more FDA dates and 103 trial data dates in the next 60 days, each on the FDA calendar. Pro members see whether each company's cash lasts past its date, with an optional alert before it. See all 151 dates, ranked →

Why IRON scores 5

Below Averagefor quality, not price, 6 of 14 chart checks firingWhat the Quality Score means

  • +6Chart checks 6 of 14 firing right now, one point each
  • +2Long-term trend above a rising 200-⁠day average
  • Profit subtractsRead on the last four quarters against the four before, or the last full year where no quarters are filed.
  • Dilution subtractsNew shares over the year: -1 at 10% more, -2 at 25% more.
  • Cash flow subtracts-1 when free cash flow over the last four quarters is negative.

No effect today: Run-up, Size, Growth, Volatility, Persistence, News, and Insider trades.

What every line is worth, and the reason behind it, on IRON and every other stock.Get in free →

Price, score, chart checks, and the industry rank are from a snapshot taken at 11:01 PM ET, at least 15 minutes behind. How we rank stocks.

Tested. Our top-scored stocks returned 2.2x the average stock over the next month. Reconstructed after the fact; recorded live since Sep 9, 2026. How we tested it

How IRON ranks in Biotech

IRON is #79 of 281 by Quality Score.

How IRON ranks in Biotech
RankStockQuality Score
79Disc Medicine (IRON) logoIRONDisc Medicine5

Free cash flow over four quarters: IRON -$190M, PTGX $109M, ACAD $82.0M.

More in Biotech

When does IRON report earnings, and what happens after?

Expected to report Thu Feb 25, before the open (in 107 days).

What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.

What IRON reported on Nov 5, 2026

The quarter

A loss of $1.53 a share, from $1.77.

“The decrease was primarily due to lower research and development expenses resulting from costs incurred in the prior-year period that did not recur in the current period, partially offset by continued investment in advancing our pipeline and higher personnel-related costs.”

The quarter that ended Sep 30, from the company's press release

The press releaseThe filing on EDGAR

Where the sales came from

IRON's results filing gives no sales by line in a table we read.

The outlook

No outlook figures read from this release.

In the company's words

  • “The decrease in R&D expenses was primarily driven by a $10.0 million milestone payment and drug manufacturing in the comparative period that did not recur in the current period.”

From its results filing (SEC filing · Nov 5)

1 more sentence, for Pro members.

The numbers

Market value
$3.5B
today
Free cash flow
-$190M
last 12 months

1 more figure, for Pro members.

No analyst estimates on Breakaway: every figure here is filed.

The whole report on IRON: every line of its sales, every outlook beside the one it replaced, and the company's words, for Pro members.

Close after the report, last 3

-0.1%+7.5%-5.8%
May 5Jul 30Nov 5
ReportedGapReaction5
days
Nov 5, 2026Before open-0.3%-5.8%not yet
Jul 30, 2026Before open+0.7%+7.5%+7.1%
May 5, 2026Before open+0.5%-0.1%+2.4%

IRON closed higher after 2 of its last 4 reports.

All 4 reports, and IRON's Quality Score going into each

IRON has 6 of 14 chart checks firing

Volume1 of 3 shown
Tight range1 of 3 shown
Buying1 of 3 shown
The other 10 checks on IRON, and all 14 on every stock.Get in free →

IRON RSI today: 64.3, above its 50-day and 200-day averages

Not scored

RSI 64.3, MACD above signal, above both averages. Not scored.

The deep dive on IRON

6 more findings on IRON, each with its source, for Pro members.

IRON share count over time

11% more shares than a year earlier.

Weighted shares, quarter to Sep 30, 2026, both from one filing

Shares of IRON outstanding, as filed
Shares
outstanding
As
of
45.5MOct 29, 2026
38.4MJul 23, 2026
38.2MApr 30, 2026
38.2MFeb 19, 2026
Offerings, shelves, and splits of IRON, from its filings
From its
filings
Filed
Set up an at-the-market program for up to $189.9M of shares, about 5% of its market valueNov 5, 2026
Raised $450M in a sale of shares, about 13% of its market valueOct 21, 2026
Raised $245M in a sale of shares, about 7% of its market valueOct 21, 2025
Raised $215.5M in a sale of shares, about 6% of its market valueJan 23, 2025

5 more offerings on file, for Pro members.

IRON insider trades

One insider sold $1.9M across 1 filing in the last 6 months. No open-⁠market buys on record. The newest:

SellKevin Bitterman$1.9MDirectorat $70.11 on Sep 11, filed Sep 15

IRON's officers and directors

Officers and directors with a Form 4 in the last 12 months.

See insider trades by person

Which ETFs hold IRON?

In ETFs: IRON is under 0.1% of VTI, the most of the 24 funds Breakaway covers, by their holdings as filed for Jun 30, 2026.

About Disc Medicine

Disc Medicine Inc is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of novel treatments for hematologic diseases. It aims to modify fundamental biological pathways associated with the formation and function of red blood cells, specifically heme biosynthesis and iron homeostasis. Its pipeline includes bitopertin for erythropoietic porphyrias (EPs), including erythropoietic protoporphyria (EPP), X-linked protoporphyria (XLP), and Diamond-Blackfan Anemia (DBA); DISC-0974 for the treatment of anemia of myelofibrosis (MF) and anemia of chronic kidney disease (CKD); and DISC-3405 for the treatment of polycythemia vera (PV) and other hematologic disorders. In addition, the Company's preclinical programs include DISC-0998.

165 employeesWatertown, MAdiscmedicine.com

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Pro members see every line of every stock's score.

  • What would turn IRON's score around: 7 things
  • 12 more filings explained, a plain line each
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BreakawaySep 15Kevin Bitterman sold IRON$1.9M at $70.11, filed Sep 15

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Straight AnswersStraight Answers

As of Nov 10, 2026: IRON's Quality Score is 5 (Below Average), #79 of 281 in Biotech. Insiders sold $1.9M in the last 6 months (Form 4).

What does IRON's Quality Score say?

IRON scores 5 today, which Breakaway calls Below Average. It is #79 of 281 in Biotech by Quality Score, with 6 of 14 chart checks firing. Down 5.8% on Nov 5, a down day for the market: the S&P 500 fell 4%, 86% of stocks fell, and biotech stocks a median 6.3%. Cash lasts about 14 quarters at its spending (to Sep 30). Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.

What is IRON's Quality Score?

IRON scores 5 today, which Breakaway calls Below Average (0 to 5). That is #79 of 281 in Biotech by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind IRON's 5.

Are insiders buying IRON?

One insider sold $1.9M across 1 filing in the last 6 months. No open-⁠market buys on record. The newest is Kevin Bitterman, Director, who sold $1.9M on Sep 11.

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Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.

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What's next for Disc Medicine: from its SEC filings and ClinicalTrials.gov, the company's words, the registry's dates, and arithmetic, not a forecast. Companies often miss the dates they set.

The moves after past earnings reports are past behavior, not a forecast.

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