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PASG - Passage Bio: Why The Market Regards This New IPO So Highly
Passage Bio Inc.
Passage Bio, Inc. (PASG) is a genetic medicine company with a strong development pipeline. The company made its stock market debut earlier this year and has performed relatively well, given the timing of its listing coinciding with a global viral outbreak. It has a well-diversified product portfolio with candidates in different stages of development. The company is currently flush with the fund, thanks to its IPO. What drew me to the company is its comfortable cash position, and I wanted to figure out why the market thinks PASG is worth that much cash.