{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-002278","form_type":"8-K","ticker":"PASG","cik":"0001787297","company_name":"Passage BIO, Inc.","filed_at":"2025-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.862562+00:00","generated_at":"2026-05-28T05:24:57.897969+00:00","sec_items":["2.02","2.05","2.06","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Passage Bio cuts workforce 55%, extends cash runway into Q1 2027; updates PBFT02 data","bullets":["Preliminary cash $76.8M as of Dec 31, 2024; expected runway into Q1 2027 after restructuring.","Workforce reduced ~55%; lab operations in Hopewell, NJ ceased; annual cost savings $9-11M; severance $2M.","Expects $1-3M impairment on lab equipment in Q1 2025; non-cash, no impact on cash runway.","PBFT02 (FTD-GRN) interim data: CSF PGRN increased from <3 to 13-27 ng/mL at 6 months (n=4), durable to 18 months.","Plasma NfL decreased 13% vs baseline at 12 months (n=2); vs 29% annual increase in untreated per literature."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-002278","json":"https://secwatch.observer/filing/0001104659-25-002278.json","markdown":"https://secwatch.observer/filing/0001104659-25-002278.md","text":"https://secwatch.observer/filing/0001104659-25-002278.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1787297/000110465925002278/0001104659-25-002278-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1787297/000110465925002278/tm252728d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T05:24:57.897969+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}