PASG official logo PASG
PASG 1-star rating from Upturn Advisory
Passage Bio Inc (PASG) company logo

Passage Bio Inc (PASG)

Passage Bio Inc (PASG) 1-star rating from Upturn Advisory
$8.83
Last Close (24-hour delay)
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Upturn Stock price based on last close icon Stock price based on last close
*as per simulation
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Upturn Advisory Summary

11/28/2025: PASG (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

2 star rating from financial analysts

5 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $39.6

1 Year Target Price $39.6

Analysts Price Target For last 52 week
$39.6 Target price
52w Low $5.12
Current$8.83
52w High $20.8

Analysis of Past Performance

Type Stock
Historic Profit -33.65%
Avg. Invested days 35
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/28/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 28.07M USD
Price to earnings Ratio -
1Y Target Price 39.6
Price to earnings Ratio -
1Y Target Price 39.6
Volume (30-day avg) 5
Beta 1.88
52 Weeks Range 5.12 - 20.80
Updated Date 11/30/2025
52 Weeks Range 5.12 - 20.80
Updated Date 11/30/2025
Dividends yield (FY) -
Basic EPS (TTM) -14.62

Earnings Date

Report Date 2025-11-18
When -
Estimate -0.2
Actual -2.44

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -31.66%
Return on Equity (TTM) -87.18%

Valuation

Trailing PE -
Forward PE -
Enterprise Value -367991
Price to Sales(TTM) -
Enterprise Value -367991
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA 0.87
Shares Outstanding 3178710
Shares Floating 2867165
Shares Outstanding 3178710
Shares Floating 2867165
Percent Insiders 0.21
Percent Institutions 51.89

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Passage Bio Inc

Passage Bio Inc(PASG) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Passage Bio, Inc. was a genetic medicines company focused on developing transformative therapies for rare, monogenic central nervous system (CNS) disorders. Founded in 2017, it went public in 2020. In October 2023 the company was acquired by Neurvati Neurosciences Limited.

Company business area logo Core Business Areas

  • Gene Therapy Development: Focused on AAV-delivered gene therapies for rare CNS disorders. This included preclinical and clinical development efforts.
  • Research and Development: Conducted research to identify and validate new therapeutic targets in genetic CNS diseases.
  • Collaboration: Entered into collaborations with academic institutions and other companies to advance its pipeline.

leadership logo Leadership and Structure

At time of acquisition: Chief Executive Officer was Dr. Bruce Goldsmith. Company followed typical bio-pharmaceutical structure with research, development, clinical, and commercial divisions.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • PBGM01 (GM1 gangliosidosis): An AAVrh10-based gene therapy designed to deliver a functional GLB1 gene to cells in the CNS. Early clinical trials, no market share as product was not approved. Competitors included companies developing therapies for lysosomal storage disorders.
  • PBML04 (Metachromatic Leukodystrophy): An AAV delivery of ARSA. Preclinical studies, no market share. Competitors included Orchard Therapeutics who has a treatment approved in Europe

Market Dynamics

industry overview logo Industry Overview

The genetic medicine industry is rapidly growing, driven by advancements in gene therapy technologies and increasing understanding of genetic diseases. Significant investment and regulatory support are fueling this growth, but challenges remain in manufacturing, delivery, and long-term safety.

Positioning

Passage Bio aimed to be a leader in developing AAV-delivered gene therapies for rare CNS disorders. They focused on diseases with unmet medical needs. Passage Bio competed with larger pharmaceutical companies and specialized gene therapy companies.

Total Addressable Market (TAM)

The TAM for gene therapies targeting rare CNS disorders is estimated to be several billion dollars annually. Passage Bio's positioning was aligned with capturing a portion of this TAM by developing first-in-class therapies for specific diseases. Due to it's aquisition in 2023, the company does not have a TAM.

Upturn SWOT Analysis

Strengths

  • Proprietary AAV vector technology
  • Experienced management team
  • Focus on underserved rare disease market
  • Strong preclinical data for lead programs

Weaknesses

  • High cash burn rate
  • Reliance on successful clinical trial outcomes
  • Competition from larger pharmaceutical companies
  • Regulatory hurdles for gene therapies

Opportunities

  • Expanding pipeline through new therapeutic targets
  • Securing strategic partnerships
  • Accelerated regulatory pathways for rare diseases
  • Positive clinical trial results

Threats

  • Clinical trial failures
  • Adverse events associated with gene therapy
  • Competition from novel therapeutic modalities
  • Changes in regulatory landscape

Competitors and Market Share

Key competitor logo Key Competitors

  • BLUE
  • ORCH

Competitive Landscape

Passage Bio was smaller than its main competitors, they were focused on niche CNS disorders. The acquisition provides Neurvati Neurosciences with assets and expertise in the gene therapy space.

Major Acquisitions

Neurvati Neurosciences Limited

  • Year: 2023
  • Acquisition Price (USD millions): 110
  • Strategic Rationale: Neurvati acquired Passage Bio to expand its portfolio of neurological disease therapies.

Growth Trajectory and Initiatives

Historical Growth: Growth focused on expanding the clinical trial pipeline and securing funding. Progress was primarily based on R&D activities and clinical trial advancements before acquisition.

Future Projections: Future projections are now tied to Neurvati Neurosciences Limited's strategy for the acquired assets.

Recent Initiatives: Initiated clinical trials for GM1 gangliosidosis, continued preclinical development for other programs. Efforts were made to strengthen partnerships and collaborations.

Summary

Passage Bio was a gene therapy company specializing in rare CNS disorders, that was acquired by Neurvati Neurosciences Limited. While Passage Bio had promising preclinical and clinical data, the acquisition was likely driven by the challenges of funding and navigating the complex regulatory landscape for gene therapies. Neurvati can leverage Passage Bio's assets and expertise to expand its presence in the neurological disease space. It is important to note that the public stock no longer exists.

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Sources and Disclaimers

Data Sources:

  • Company filings
  • Analyst reports
  • Press releases
  • Corporate website

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on independent research and consultation with a qualified financial advisor. Market share estimates are based on available data and may not be precise. Due to the nature of the acquisition, financial data may not be fully representative of future performance.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Passage Bio Inc

Exchange NASDAQ
Headquaters Philadelphia, PA, United States
IPO Launch date 2020-02-28
President, CEO & Director Dr. William Chou M.D.
Sector Healthcare
Industry Biotechnology
Full time employees 60
Full time employees 60

Passage Bio, Inc., a genetic medicines company, develops gene therapies for central nervous system diseases. It develops PBGM01, a functional GLB1 gene encoding ß-galactosidase for infantile GM1; PBFT02, a functional granulin (GRN) and gene encoding progranulin (PGRN) for the treatment of FTD caused by progranulin deficiency; and PBKR03, a functional GALC gene encoding the hydrolytic enzyme galactosylceramidase for infantile Krabbe disease. The company develops PBML04 for the treatment of metachromatic leukodystrophy; PBAL05 for the treatment of amyotrophic lateral sclerosis; and other program for huntington's disease. It has a strategic research collaboration with the Trustees of the University of Pennsylvania's Gene Therapy Program; and collaboration agreement, and a development services and clinical supply agreement with Catalent Maryland, Inc. The company was incorporated in 2017 and is based in Philadelphia, Pennsylvania.