The US Bankruptcy Court gave an order approving the sale of the certain assets of PhaseBio Pharmaceuticals, Inc. on December 31, 2022. The debtor has been authorized to sell its certain assets to SFJ Pharmaceuticals X, Ltd. for a purchase price of $32.90 million in cash. The debtor's assets include all assets related to bentracimab, except for trial data package.

The buyer is represented by Michael O'Donnell of Orrick Herrington & Sutcliffe LLP as its legal advisor and the seller is represented by Christian E. Plaza of Cooley LLP as its legal advisor.