Disc Medicine (NasdaqGM:IRON) 2025 Conference Transcript

Summary of Disc Medicine Conference Call Company Overview - Company: Disc Medicine (NasdaqGM:IRON) - Focus: Controlling red blood cell biology through iron and heme metabolism - Lead Program: Bitopertin, licensed from Roche, targeting erythropoietic protoporphyria (EPP) with approximately 14,000 diagnosed patients in the US [4][15] Key Programs and Developments 1. Bitopertin for EPP - Status: Submitted NDA at the end of September 2025, in accelerated approval process with FDA [5][11] - Timeline: Potential approval and launch expected late 2025 to early 2026, accelerated by a commissioner’s national priority voucher [5][12] - Sales Force: Team of 24 prepared to engage with physicians treating the 6,000 highly engaged patients identified [17] 2. DISC-0974 for Myelofibrosis - Phase: Ongoing phase 2 trial (RALI-MF) with data expected at ASH 2025 [5][26] - Data: Previous data showed unprecedented positive response rates in treating anemia in myelofibrosis patients [5][27] - Market Size: Approximately 22,000 anemic myelofibrosis patients in the US could benefit from this therapy [34] 3. Polycythemia Vera Program - Status: Phase 2 trial initiated, focusing on restricting iron to manage excess red blood cell production [44] Financial Position - Balance Sheet: Approximately $825 million available, sufficient to fund operations until 2029 without revenue [46] Competitive Landscape - Current Competitors: JAK inhibitors like Jakafi exacerbate anemia, creating a market opportunity for anemia-specific therapies [27][42] - Emerging Competitors: Incyte's early clinical programs targeting calreticulin mutations, but efficacy in managing anemia remains uncertain [41][43] Important Considerations - Patient Engagement: Identified patient population is engaged, with a significant number already receiving treatment, facilitating quicker access to therapy post-approval [15][18] - Reimbursement Pathways: Initial reimbursement pathways may be less established at launch, requiring strategies like free drug programs [13][20] - Regulatory Strategy: Plans for a pivotal trial with broad enrollment criteria to support rapid patient recruitment [39][40] Upcoming Milestones - ASH Presentation: Expected data from the RALI-MF trial to be presented, with insights into response rates across different patient categories [28][29] - Pivotal Trial Design: Anticipated discussions with FDA post-phase 2 trial completion to outline pivotal trial strategy [39][40] This summary encapsulates the key points discussed during the conference call, highlighting the strategic direction, clinical programs, financial health, and competitive landscape of Disc Medicine.