Arix Bioscience PLC (ARIX) 
Portfolio company Disc Medicine raises USD157.8 million in public offering 
23-Jun-2023 / 14:03 GMT/BST 
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Arix Bioscience plc 
 
Portfolio company Disc Medicine raises USD157.8 million in public offering 
LONDON, 23 June 2023: Arix Bioscience plc ("Arix" or the "Company") (LSE: ARIX), a transatlantic venture capital 
company focused on investing in breakthrough biotechnology companies, notes that its portfolio company, Disc Medicine, 
today announced the closing of its underwritten public offering of common stock and pre-funded warrants, generating 
aggregate gross proceeds to Disc Medicine of approximately USD157.8 million. 
The public offering comprised the sale of 3,015,919 shares of common stock and, in lieu of common stock to certain 
investors that so chose, pre-funded warrants to purchase 204,081 shares of its common stock. The shares of common stock 
sold include 420,000 shares pursuant to the option granted by Disc to the underwriters, which option was exercised in 
full. The shares of common stock were sold at a public offering price of USD49.00 per share, and the pre-funded warrants 
were sold at a public offering price of USD48.9999 per pre-funded warrant, which represents the per share public offering 
price for the common stock less the USD0.0001 per share exercise price for each such pre-funded warrant. 
Disc will use the funds for research and the clinical development of its current or additional product candidates, as 
well as for working capital and other general corporate purposes. 
Following the fundraise, Arix's percentage holding has been diluted from 3.1% to 2.7%. The holding value will continue 
to be determined by the market price of Disc Medicine's shares which has performed strongly since its reverse merger at 
the end of 2022. 
Robert Lyne, CEO of Arix Bioscience, said: "Disc Medicine has built a platform around a world class management team and 
a pipeline of assets that address an underserved need in the treatment of haematologic diseases. Following the recently 
announced Phase 2 data from the company's bitopertin programme, the success of the Disc fundraising in the current 
macro environment is a validation of our strategy to back the major biotech companies of tomorrow. All of this has been 
achieved in less than two years since our initial investment." 
The announcement can be accessed on Disc Medicine's website at: https://www.discmedicine.com/ and the full text of the 
announcement from the company is contained below. 
 
[ENDS] 
 
Enquiries 
For more information on Arix, please contact: 
 
Arix Bioscience plc 
+44 (0)20 7290 1050 
ir@arixbioscience.com 
 
Powerscourt Group 
Sarah MacLeod, Ibrahim Khalil, Nick Johnson 
+44 (0)20 7250 1446 
arix@powerscourt-group.com 
 
About Arix Bioscience plc 
Arix Bioscience plc is a global venture capital company focused on investing in breakthrough biotechnology companies 
around cutting-edge advances in life sciences. 
 
We collaborate with exceptional entrepreneurs and provide the capital, expertise, and global networks to help 
accelerate their ideas into important new treatments for patients. As a listed company, we are able to bring this 
exciting growth phase of our industry to a broader range of investors. www.arixbioscience.com 
 
Disc Medicine Press Release: 
 
Disc Medicine Announces Closing of Public Offering of Common Stock and Pre-Funded Warrants Including Full Exercise of 
Underwriters' Option to Purchase Additional Shares 
 
WATERTOWN, Mass., June 22, 2023 (GLOBE NEWSWIRE) -- Disc Medicine, Inc. (NASDAQ: IRON) (Disc), a clinical-stage 
biopharmaceutical company focused on the discovery, development, and commercialization of novel treatments for patients 
suffering from serious hematologic diseases, today announced the closing of its underwritten public offering of 
3,015,919 shares of its common stock and, in lieu of common stock to certain investors that so chose, pre-funded 
warrants to purchase 204,081 shares of its common stock. The shares of common stock sold include 420,000 shares 
pursuant to the option granted by Disc to the underwriters, which option was exercised in full. The shares of common 
stock were sold at a public offering price of USD49.00 per share, and the pre-funded warrants were sold at a public 
offering price of USD48.9999 per pre-funded warrant, which represents the per share public offering price for the common 
stock less the USD0.0001 per share exercise price for each such pre-funded warrant. The aggregate gross proceeds to Disc 
from this offering were approximately USD157.8 million, before deducting underwriting discounts and commissions and other 
estimated offering expenses, excluding the exercise of any pre-funded warrants. All of the securities sold in the 
offering were offered by Disc. 
 
Disc intends to use the net proceeds from the offering to fund research and clinical development of its current or 
additional product candidates, as well as for working capital and other general corporate purposes. 
Morgan Stanley, SVB Securities, Stifel and BMO Capital Markets acted as joint book-running managers for the offering. 
Wedbush PacGrow acted as lead manager for the offering. 
 
The securities described above were offered by Disc pursuant to a shelf registration statement on Form S-3 (No. 
333-269272) that was declared effective by the Securities and Exchange Commission (SEC) on January 24, 2023. This 
offering was made only by means of a prospectus and prospectus supplement that form a part of the registration 
statement. A final prospectus supplement and accompanying prospectus related to the offering has been filed with the 
SEC and is available on the SEC's website at www.sec.gov. Copies of the final prospectus supplement and the 
accompanying prospectus relating to this offering may also be obtained, by contacting: Morgan Stanley & Co. LLC, 
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; SVB Securities LLC, 
Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, Massachusetts 02109, telephone: 1 (800) 808-7525 
ext. 6105, or by emailing syndicate@svbsecurities.com; Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, 
One Montgomery Street, Suite 3700, San Francisco, California 94104, telephone: (415) 364-2720 or by emailing 
syndprospectus@stifel.com; or BMO Capital Markets Corp., Attention: Equity Syndicate Department, 151 W 42nd Street, 
32nd Floor, New York, New York 10036, telephone: (212) 702-1101, or by emailing bmoprospectus@bmo.com. 
 
This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor 
shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale 
would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. 
About Disc Medicine 
 
Disc Medicine (NASDAQ: IRON) is a clinical-stage biopharmaceutical company committed to discovering, developing, and 
commercializing novel treatments for patients who suffer from serious hematologic diseases. We are building a portfolio 
of innovative, potentially first-in-class therapeutic candidates that aim to address a wide spectrum of hematologic 
diseases by targeting fundamental biological pathways of red blood cell biology, specifically heme biosynthesis and 
iron homeostasis. 
 
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Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
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ISIN:           GB00BD045071 
Category Code:  PFU 
TIDM:           ARIX 
LEI Code:       213800OVT3AHQCXNIX43 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   253188 
EQS News ID:    1664693 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

June 23, 2023 09:03 ET (13:03 GMT)

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