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Passage Bio inc   (PASG)
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Price: $1.5000 $0.25 20.000%
Day's High: $1.54 Week Perf: 7.14 %
Day's Low: $ 1.30 30 Day Perf: 48.51 %
Volume (M): 203 52 Wk High: $ 1.79
Volume (M$): $ 304 52 Wk Avg: $0.91
Open: $1.32 52 Wk Low: $0.58



 Market Capitalization (Millions $) 82
 Shares Outstanding (Millions) 55
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -102
 Cash Flow (TTM) (Millions $) -13
 Capital Exp. (TTM) (Millions $) 0

Passage Bio Inc
Passage Bio Inc. is a genetic medicines company that specializes in developing transformative therapies for rare, monogenic central nervous system (CNS) disorders. The company utilizes its proprietary gene therapy platform to develop innovative treatments that target the underlying causes of these genetic disorders. By harnessing the power of genetic medicine, Passage Bio aims to provide long-lasting and potentially curative therapies that can significantly improve the lives of patients suffering from these rare diseases. The company's pipeline includes multiple product candidates at different stages of development, with a focus on conditions such as GM1 gangliosidosis, frontotemporal dementia, and Krabbe disease. Passage Bio is committed to advancing its pipeline and partnering with experts, researchers, and patient communities to accelerate the development and delivery of life-changing treatments for rare genetic disorders.


   Company Address: One Commerce Square Philadelphia 19103 PA
   Company Phone Number: 866-0311   Stock Exchange / Ticker: NASDAQ PASG
   


   

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Passage Bio Inc

Passage Bio Inc Reports Strong Financial Growth and Advances in Neurodegenerative Disease Research

Passage Bio Inc Reports Positive Financial Results and Promising Developments in the Fight Against Neurodegenerative Diseases
PHILADELPHIA, March 04, 2024 - Passage Bio Inc (Nasdaq: PASG), a clinical-stage genetic medicines company, has released its financial results for the fourth quarter and year ended December 31, 2023. Alongside these results, the company has shared exciting news regarding advancements in their mission to combat neurodegenerative diseases.
Passage Bio Inc's fourth-quarter report reveals an operating loss of $-18.446 million, showing improved efficiency compared to the same period in the previous year, which saw an operating loss of $-28.244 million. The company has been working on expanding its revenue streams, managing to reduce losses to $-16.758 million in the most recent fiscal period, down from $-27.071 million in the fourth quarter of 2022.

Clinical Study

Frontiers in Neurodegenerative Disease Therapy: Passage Bio's PBFT02 Role in Potential Treatment for FTD-GRN

Published Wed, Dec 20 2023 12:00 PM UTC


The biotech sector is witnessing a significant development in the quest to combat neurodegenerative diseases. Passage Bio, Inc. (Nasdaq: PASG), a clinical-stage genetic medicines company, has announced initial safety and biomarker data from the Phase 1/2 trial of PBFT02, a pioneering gene therapy. The goal is to develop a disease-modifying therapy for patients with fron...

Passage Bio Inc

Passage Bio Inc Witnesses Remarkable Surge in Outlays During Fiscal Quarter Ending September 2023

The biotechnology and pharmaceuticals sector consultants have recently taken a closer look at the financial performance of Passage Bio Inc during the third quarter of 2023. The company has reported an operating loss of $-28.672 million, without generating any revenue during this reporting period from July to September 30, 2023. This is a concerning situation for the organization, as it indicates a lack of profitability and potential financial instability.
Comparing these figures to the previous year, Passage Bio Inc also experienced a significant operating loss during the third quarter of 2022, amounting to $-27.526 million. The net loss for the third quarter of 2023 has further increased to $-27.110 million, compared to $-26.701 million in the same period of 2022. These consistent losses demonstrate a worrying trend for the company and raise questions about its ability to generate sustainable revenue and profitability.

Shares

Passage Bio Grants Inducement Awards to New Employees, Demonstrating Commitment to Transformative Therapies for CNS Disorders

Published Fri, Oct 20 2023 8:30 PM UTC


Philadelphia-based genetic medicines company, Passage Bio, Inc. (Nasdaq: PASG), has recently made an exciting announcement stating that it has granted inducement awards to new employees. The clinical-stage company, which focuses on developing transformative therapies for central nervous system (CNS) disorders, continues to make strides in its commitment to revolutionizi...

Passage Bio Inc

Passage Bio Inc Announces Operating Deficit for Q2 2023

Heading Towards a Precipice: Passage Bio Inc's Continued Struggles Highlight Risk in the Biotech Sector
The Biotechnology and Pharmaceuticals sector has been a mixed bag this year, with some major companies outperforming expectations while others have faced major challenges. Amidst the spotlight on these industry giants, it is important not to overlook the less prominent players who are also grappling with significant hurdles. One such company is Passage Bio Inc (PASG), which continues to face mounting issues, as evidenced by its recent financial report.
During the second quarter of 2023, Passage Bio Inc announced an operating deficit of a staggering $-25.388 million. This figure far exceeds the deficit reported during the same period in the previous year, and highlights the concerning trajectory of the company's financial performance. While Passage Bio Inc operates primarily in the expansion stage, this report reveals that it is struggling to establish a viable business model. Despite this, the company has managed to slightly reduce its deficit for the fiscal interval ending June 30, 2023, recording a reduced deficit of $-23.856 million compared to the $-39.542 million reported in the second quarter of 2022.






 




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