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Companies / Healthcare / Passage BIO, Inc.
PASG

Passage BIO, Inc.

HealthcareBiological Products
Ticker PASGPHILADELPHIA, PAFiscal year ends DecemberBook value per share $1.39Diluted shares 3.2M

Passage Bio, Inc. (Nasdaq Capital Market: PASG) is a clinical-stage genetic medicines company focused on developing one-time gene therapies to treat neurodegenerative diseases. The company's website is www.passagebio.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%
$-45.52M
+29.7% year over year
Last 12 mo $-36.11M
-242.72%
−137 percentage points
Last 12 mo -810.41%
Cash & financing
$-31.51M
+34.3% year over year
Last 12 mo $-33.50M
$-31.51M
+34.3% year over year
Last 12 mo $-33.50M
—
3.2M
−94.7% year over year
Last 12 mo 3.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Passage BIO, Inc. does

In the company’s own words

Passage Bio, Inc. (Nasdaq Capital Market: PASG) is a clinical-stage genetic medicines company focused on developing one-time gene therapies to treat neurodegenerative diseases. The company's website is www.passagebio.com.

The company's lead clinical product candidate is PBFT02, a gene replacement therapy utilizing an adeno-associated virus serotype 1 capsid to deliver a functional granulin gene to the brain via intra cisterna magna administration. PBFT02 is being evaluated primarily for frontotemporal dementia caused by progranulin deficiency, or FTD-GRN, for which no disease-modifying therapies currently exist. The company estimates the prevalence of FTD-GRN in the United States and Europe at approximately 18,000 patients. Passage Bio is also exploring PBFT02's potential in additional neurodegenerative indications including FTD-C9orf72, amyotrophic lateral sclerosis, and Alzheimer's disease, where elevated progranulin levels may provide therapeutic benefit through reduction of pathologic TDP-43 accumulation.

The company is conducting the upliFT-D trial, an international multi-center Phase 1/2 clinical trial evaluating PBFT02 in symptomatic FTD-GRN and FTD-C9orf72 patients. As of June 2025, interim data from eight treated patients demonstrated robust and durable increases in cerebrospinal fluid progranulin levels and early evidence of reduced disease progression biomarkers compared to natural history expectations.

Beyond PBFT02, Passage Bio maintains an active preclinical research program through a collaboration agreement with Gemma Biotherapeutics to develop genetic medicines for Huntington's disease, with a clinical candidate expected in the second half of 2026. The company previously advanced three pediatric programs to clinical stage, which have been outlicensed to Gemma through sublicense agreements.

Passage Bio's approach emphasizes rigorous capsid and transgene selection, optimal route of administration, cross-correction mechanisms, and effective use of biomarkers to maximize the probability of technical and regulatory success. The company manufactures clinical supply through third-party partners, including Catalent, and has received Orphan Drug Designation from the FDA for PBFT02 in FTD-GRN.

Company details
Sector
Healthcare
Industry
Biological Products
Headquarters
PHILADELPHIA, PA
Fiscal year end
December
CIK
1787297
SIC
2836

Financial performance, year by year

Fiscal 2020–2025 · USD
$-200.31M$-155.53M$-110.75M$-65.97M$-21.18M202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Passage BIO, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

14
funds hold it
0 of 35
superinvestors hold it
$0.78M
held by funds, at market
4.8%
of shares held by funds

Largest fund holders · Passage BIO, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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