HomeUSADisc Medicine Raises $50M in Series A Financing

Disc Medicine Raises $50M in Series A Financing

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Disc MedicineDisc Medicine, a Cambridge, Mass.-based hematology company, completed a $50m Series A financing.

The round was led by Novo Holdings A/S along with Access Biotechnology and founding investor Atlas Venture. Donald Nicholson, former CEO of Nimbus Therapeutics, is joining as the company’s executive chairman.

Founded in 2017 by Atlas Venture and Brian MacDonald, interim CEO, Disc Medicine is applying new insights in hepcidin biology to develop therapies that restore red blood cell production in hematologic diseases.
The company’s novel approach focuses on targeting hepcidin, a key regulator of iron metabolism, as a treatment for inherited and acquired anemias.

Hepcidin is a small peptide hormone produced in the liver which acts as a key regulator of systemic iron metabolism. Dysregulation of hepcidin leads to either iron overload or iron deficiency, and chronic hepcidin dysregulation is observed in conditions associated with ineffective erythropoiesis, a state of impaired red blood cell production. Ineffective erythropoiesis disorders such as myelodysplastic syndromes, thalassemia, and anemia of chronic disease are often characterized by severe anemia that can have a significant impact on lifespan and quality of life.

The company is advancing two therapeutic programs focused on regulating hepcidin expression – a novel, orally administered matriptase-2 inhibitor which increases hepcidin expression to treat iron loading anemias, and a hemojuvelin antagonist monoclonal antibody to reduce hepcidin expression and address anemia in a range of chronic inflammatory and hematologic diseases.

Disc Medicine’s Board of Directors is chaired by Donald Nicholson and includes Kevin Bitterman, Nilesh Kumar and Liam Ratcliffe. The team is supported by medical advisors including Stefano Rivella, PhD, Professor of Pediatrics at The Children’s Hospital of Philadelphia, Mark Fleming, MD, DPhil, Pathologist-in-Chief at Boston Children’s Hospital and S. Burt Wolbach Professor of Pathology at Harvard Medical School, Srdan Verstovsek, MD, PhD, professor, Department of Leukemia at The University of Texas MD Anderson Cancer Center and Uma Sinha, PhD, chief scientific officer at BridgeBio Pharmaceuticals.

FinSMEs

30/10/2019

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