trending Market Intelligence /marketintelligence/en/news-insights/trending/Kdtb8--oGVao_pYGooh61w2 content esgSubNav
In This List

PhaseRx files for Chapter 11 bankruptcy protection

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Perspectives from China: Chinese M&A in 2022


PhaseRx files for Chapter 11 bankruptcy protection

PhaseRx Inc. filed for Chapter 11 bankruptcy protection.

The company plans to continue to manage and operate its business under the jurisdiction of the bankruptcy court.

PhaseRx is working with Cowen and Co. to review financial and strategic alternatives.

Potential alternatives may include a strategic collaboration with one or more parties, or the licensing, sale or divestiture of some, or all, of the company's proprietary technologies.

"The protection afforded under a Chapter 11 filing enables us to continue to explore strategic alternatives, including a potential merger transaction," said president and CEO Robert Overell.