BUZZ-Passage Bio falls after reverse stock split

Reuters

2025/07/10

BUZZ-<a href="https://laohu8.com/S/PASG">Passage Bio</a> falls after reverse stock split

** Shares of drug developer Passage Bio PASG.O fall 12% to 38 cents premarket

** Co says it is doing a 1-for-20 reverse stock split, effective July 14, 2025

** For every 20 shares, shareholders will now have 1 share, co says

** The number of outstanding shares will drop from about 62.4 million to about 3.1 million and the stock will keep trading under the symbol 'PASG', Passage Bio says

** PASG is currently developing gene therapies for rare, inherited neurodegenerative diseases, The company's programs focus mainly on treating disorders that affect the central nervous system

** As of last close, PASG stock down 22.2% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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