PhaseRx, Inc. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on December 11, 2017. The debtor listed its assets $46.14 million and liabilities $15.31 million. The debtor is represented by Christopher A. Ward of Polsinelli PC as its legal counsel. Cowen and Company, LLC acted as investment banker to the debtor and Donlin, Recano & Company, Inc. acted as claim and noticing agent.