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  • Nov 14, 2024

  • Nov 13, 2024

      Show headlines and story abstract
    • 7:01AM ET on Wednesday Nov 13, 2024 by MT Newswires
      Companies Mentioned: PASG
      07:01 AM EST, 11/13/2024 (MT Newswires) -- ...
    • 7:00AM ET on Wednesday Nov 13, 2024 by Dow Jones
      Companies Mentioned: PASG

      of new information, future developments or otherwise.
      Passage Bio, Inc. Balance Sheets (Unaudited) -------------------- ----------------- (in thousands, except share and per share data) September 30, 2024 December 31, 2023 -------------------------- -------------------- --------------------- Assets Current assets: Cash and cash equivalents $ 32,292 $ 21,709 Marketable securities 52,534 92,585 Prepaid expenses and other current assets 1,210 923 Prepaid research and development 1,180 2,742 --------------- -------------- Total current assets 87,216 117,959 Property and equipment, net 10,036 15,295 Right of use assets - operating leases 14,037 16,858 Other assets 463 433 --------------- -------------- Total assets $ 111,752 $ 150,545 =============== ============== Liabilities and stockholders' equity Current liabilities: Accounts payable $ 1,489 $ 1,298 Accrued expenses and other current liabilities 6,729 11,670 Non-refundable sublicense payments received 5,000 -- Operating lease liabilities 3,733 3,373 --------------- -------------- Total current liabilities 16,951 16,341 Operating lease liabilities - noncurrent 22,085 22,921 --------------- -------------- Total liabilities 39,036 39,262 --------------- -------------- Stockholders' equity: Preferred stock, $0.0001 par value: 10,000,000 shares authorized; no shares issued and outstanding at both September 30, 2024 and December 31, 2023 -- -- Common stock, $0.0001 par value: 300,000,000 shares authorized; 61,767,286 shares issued and outstanding at September 30, 2024 and 54,944,130 shares issued and outstanding at December 31, 2023 6 5 Additional paid-in capital 719,188 705,789 Accumulated other comprehensive income (loss) 32 (43) Accumulated deficit (646,510) (594,468) --------------- -------------- Total stockholders' equity 72,716 111,283 --------------- -------------- Total liabilities and stockholders' equity $ 111,752 $ 150,545 =============== ============== Passage Bio, Inc. Statements of Operations and Comprehensive Loss (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, ----------------------------- ---------------------------------- (in thousands, except share and per share data) 2024 2023 2024 2023 ------------------ --------------- ------------ ----------------- --------------- Operating expenses: Research and development $ 8,656 $ 15,098 $ 30,621 $ 49,258 General and administrative 7,251 8,184 20,276 35,295 Impairment of long-lived assets 4,795 5,390 5,233 5,390 ---------- ---------- ---------- ---- ---------- Loss from operations (20,702) (28,672) (56,130) (89,943) Other income (expense), net 1,362 1,562 4,088 4,639 ---------- ---------- ---------- ---- ---------- Net loss $ (19,340) $ (27,110) $ (52,042) $ (85,304) ========== ========== ========== === ========== Per share information: Net loss per share of common stock, basic and diluted $ (0.31) $ (0.49) $ (0.87) $ (1.56) ========== ========== ========== === ========== Weighted average common shares outstanding, basic and diluted 61,763,346 54,789,410 59,920,537 54,697,967 ========== ========== ========== ==== ========== Comprehensive loss: Net loss $ (19,340) $ (27,110) $ (52,042) $ (85,304) Unrealized gain (loss) on marketable securities 99 148 75 774 ---------- ---------- ---------- ---- ---------- Comprehensive loss $ (19,241) $ (26,962) $ (51,967) $ (84,530) ========== ========== ========== === ==========
    • 7:00AM ET on Wednesday Nov 13, 2024 by Dow Jones
      Companies Mentioned: PASG

      of new information, future developments or otherwise.
      Passage Bio, Inc. Balance Sheets (Unaudited) -------------------- ----------------- (in thousands, except share and per share data) September 30, 2024 December 31, 2023 -------------------------- -------------------- --------------------- Assets Current assets: Cash and cash equivalents $ 32,292 $ 21,709 Marketable securities 52,534 92,585 Prepaid expenses and other current assets 1,210 923 Prepaid research and development 1,180 2,742 --------------- -------------- Total current assets 87,216 117,959 Property and equipment, net 10,036 15,295 Right of use assets - operating leases 14,037 16,858 Other assets 463 433 --------------- -------------- Total assets $ 111,752 $ 150,545 =============== ============== Liabilities and stockholders' equity Current liabilities: Accounts payable $ 1,489 $ 1,298 Accrued expenses and other current liabilities 6,729 11,670 Non-refundable sublicense payments received 5,000 -- Operating lease liabilities 3,733 3,373 --------------- -------------- Total current liabilities 16,951 16,341 Operating lease liabilities - noncurrent 22,085 22,921 --------------- -------------- Total liabilities 39,036 39,262 --------------- -------------- Stockholders' equity: Preferred stock, $0.0001 par value: 10,000,000 shares authorized; no shares issued and outstanding at both September 30, 2024 and December 31, 2023 -- -- Common stock, $0.0001 par value: 300,000,000 shares authorized; 61,767,286 shares issued and outstanding at September 30, 2024 and 54,944,130 shares issued and outstanding at December 31, 2023 6 5 Additional paid-in capital 719,188 705,789 Accumulated other comprehensive income (loss) 32 (43) Accumulated deficit (646,510) (594,468) --------------- -------------- Total stockholders' equity 72,716 111,283 --------------- -------------- Total liabilities and stockholders' equity $ 111,752 $ 150,545 =============== ============== Passage Bio, Inc. Statements of Operations and Comprehensive Loss (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, ----------------------------- ---------------------------------- (in thousands, except share and per share data) 2024 2023 2024 2023 ------------------ --------------- ------------ ----------------- --------------- Operating expenses: Research and development $ 8,656 $ 15,098 $ 30,621 $ 49,258 General and administrative 7,251 8,184 20,276 35,295 Impairment of long-lived assets 4,795 5,390 5,233 5,390 ---------- ---------- ---------- ---- ---------- Loss from operations (20,702) (28,672) (56,130) (89,943) Other income (expense), net 1,362 1,562 4,088 4,639 ---------- ---------- ---------- ---- ---------- Net loss $ (19,340) $ (27,110) $ (52,042) $ (85,304) ========== ========== ========== === ========== Per share information: Net loss per share of common stock, basic and diluted $ (0.31) $ (0.49) $ (0.87) $ (1.56) ========== ========== ========== === ========== Weighted average common shares outstanding, basic and diluted 61,763,346 54,789,410 59,920,537 54,697,967 ========== ========== ========== ==== ========== Comprehensive loss: Net loss $ (19,340) $ (27,110) $ (52,042) $ (85,304) Unrealized gain (loss) on marketable securities 99 148 75 774 ---------- ---------- ---------- ---- ---------- Comprehensive loss $ (19,241) $ (26,962) $ (51,967) $ (84,530) ========== ========== ========== === ==========

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