PASG Passage BIO, Inc.
Price Chart
Executive Summary
Passage Bio terminated its research collaboration with Gemma Biotherapeutics for Huntington's disease and epilepsy programs, losing options for four new CNS indications. Separately, the company paid $2.3 million to exit its 37,000 sq ft Philadelphia office lease, consistent with its remote-only model. The Gemma termination removes a key pipeline catalyst for a $19M market cap biotech with no approved products.
Actionable Insight
The Gemma termination removes near-term pipeline catalysts for a micro-cap biotech with no approved products. Monitor for any restructuring or cash runway update in the next 10-Q. The lease exit saves future rent but the $2.3M fee is material relative to a $19M market cap.
Key Facts
- Terminated Gemma Biotherapeutics collaboration covering Huntington's disease and Temporal Lobe Epilepsy programs, plus options for four new CNS indications.
- Paid $2.3 million termination fee to exit 37,000 sq ft office lease at 2005 Market Street, Philadelphia.
- Company operates as remote-only with no headquarters; lease was set to expire December 2031.
- Market cap is approximately $19 million with no disclosed revenue from product sales.
Financial Impact
$2.3 million cash lease termination fee; loss of R&D collaboration value undisclosed
Risk Factors
- Loss of partnered R&D for Huntington's and epilepsy programs may delay or end those programs.
- Cash burn rate unknown; $2.3M lease termination reduces cash reserves.
- No disclosed revenue or near-term catalysts remain visible.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-066956 |
| Document: 0001104659-26-066956-index-headers.html | 0001104659-26-066956 |
| Document: 0001104659-26-066956-index.html | 0001104659-26-066956 |
| Document: 0001104659-26-066956.txt | 0001104659-26-066956 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 27, 2026
16d ago
|
8-K
| $5.71 $6.00 | ▼ −5.08% | ▼ −4.76% | $5.81 (−1.75%) |
|
Apr 20, 2026
7w ago
|
8-K
| $6.25 $5.71 | ▼ −8.64% | ▼ −9.55% | $5.81 (−7.04%) |
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Apr 20, 2026
7w ago
|
Press Release
| $6.25 $5.71 | ▼ −8.64% | ▼ −9.55% | $5.81 (−7.04%) |
|
Apr 7, 2026
9w ago
|
DEFA14A
| $8.22 $10.86 | ▲ +32.20% | ▲ +26.87% | $5.81 (−29.28%) |
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Mar 3, 2026
14w ago
|
Press Release
| $8.00 $8.51 | ▲ +6.38% | ▲ +6.85% | $5.81 (−27.38%) |
US Market Status
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