Morgan Stanley raises Disc Medicine price target to $85

0 min read     Updated on 16 Jun 2026, 08:15 PM
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Morgan Stanley analyst Sean Laaman maintains an Overweight rating on Disc Medicine (NASDAQ: IRON) and raises the price target to $85 from $80, reflecting a positive outlook.

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Morgan Stanley analyst Sean Laaman has maintained an Overweight rating on Disc Medicine (NASDAQ: IRON) and raised the price target to $85 from $80. The revised target suggests a positive outlook for the company's stock performance.

Rating and Price Action

The firm's decision to increase the price target indicates a stronger valuation for Disc Medicine. The previous target of $80 has been adjusted upward to $85, signaling potential upside for investors.

Metric Value
Rating Overweight
Previous Price Target $80
New Price Target $85

The Overweight rating implies that the stock is expected to outperform the broader market or its sector peers in the near term.

What specific catalysts drove Morgan Stanley to raise Disc Medicine's price target?

How might Disc Medicine's clinical pipeline developments influence future analyst ratings?

What are the potential risks that could prevent Disc Medicine from reaching the $85 price target?

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Disc Medicine reports positive clinical data at EHA meeting

2 min read     Updated on 12 Jun 2026, 06:22 PM
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Disc Medicine presented positive clinical updates at the 2026 EHA Annual Meeting, including durable anemia responses from the RALLY-MF trial and sustained PPIX reductions from the HELIOS trial. The company expects initial data from the RESTORE-PV trial in Q4 2026.

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Disc Medicine, Inc. presented updated clinical data from multiple programs at the 2026 European Hematology Association Annual Meeting in Stockholm, Sweden, highlighting progress in its treatments for serious hematologic diseases. The RALLY-MF Phase 2 trial of DISC-0974 in patients with myelofibrosis and anemia demonstrated meaningful, durable overall anemia responses across all patient subgroups, regardless of baseline transfusion status or concomitant JAK inhibitor use. The HELIOS open-label extension trial of bitopertin in erythropoietic protoporphyria showed sustained reductions in protoporphyrin IX, significant improvement in light tolerance measures, and favorable longer-term safety.

RALLY-MF Trial Results

The RALLY-MF trial enrolled 61 adult patients with myelofibrosis and anemia as of the April 27 data cutoff, with 50 patients included in the responder analysis. The trial included non-transfusion dependent patients (n=31), transfusion dependent patients with low burden (n=11), and transfusion dependent patients with high burden (n=8). DISC-0974 was administered subcutaneously at 50 mg every 4 weeks for up to 6 treatments.

Patient Subgroup Major Response Overall Response
Non-transfusion dependent (n=31) 55% (N=17) achieved hemoglobin increase ≥1.5 g/dL for ≥12 weeks 68% achieved hemoglobin increase ≥1 g/dL for ≥12 weeks
Transfusion dependent low (n=11) 64% (N=7) achieved transfusion independence over 16 weeks 73% achieved ≥50% reduction in transfusions
Transfusion dependent high (n=8) 50% (N=4) achieved transfusion independence over 12 weeks 88% achieved ≥50% reduction in transfusion requirement

Patients receiving concomitant JAK inhibitor therapy (n=25) showed a 56% major hematologic response rate and 72% overall response rate, with similar results across different JAK inhibitors. DISC-0974 was generally well-tolerated, with diarrhea being the only adverse event reported in two or more subjects.

HELIOS Trial Update

The HELIOS trial enrolled 86 adult and adolescent patients with erythropoietic protoporphyria from previous BEACON and AURORA trials, all transitioning to a 60 mg daily dose of bitopertin. Longer-term treatment with bitopertin was associated with sustained reductions in protoporphyrin IX, with additional benefits for patients receiving the 60 mg dose continuously. Treatment also led to sustained, significant improvement in average light tolerance and time to prodrome measures. Bitopertin exhibited a favorable longer-term safety profile with up to 2.5+ years of exposure.

RESTORE-PV Trial Update

Disc Medicine also provided an update on the RESTORE-PV Phase 2 trial of DISC-3405 in patients with polycythemia vera. The trial is an open-label study evaluating the safety, tolerability, pharmacokinetics, pharmacodynamics, and efficacy of DISC-3405. Initial data from the trial is expected in Q4 2026.

Management will host a conference call on Monday, June 15 at 8:00 am ET to review the presented data and discuss next steps for the company. Bitopertin, DISC-0974, and DISC-3405 are investigational agents and are not approved for use as therapies in any jurisdiction worldwide.

What are the anticipated timelines for initiating Phase 3 trials for DISC-0974 based on these positive Phase 2 results?

How will the sustained efficacy and safety data from the HELIOS extension trial influence regulatory discussions for bitopertin?

What specific efficacy endpoints are being prioritized for the upcoming initial data release from the RESTORE-PV trial in Q4 2026?

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