🫀New Chapter 11 Bankruptcy Filing - PhaseBio Pharmaceuticals Inc.🫀

Publicly-traded debtor gets embroiled in lawsuit with Blackstone-backed SFJ Pharma

Founded in 2002, PA-based PhaseBio Pharmaceuticals Inc. ($PHAS) is a clinical-stage biopharma company focused on the development and commercialization of novel therapies for cardiovascular diseases; it has a portfolio of products that are in varying stages of development, none of which have obtained regulatory approval. To move product through the devel…