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PhaseBio Suitor Gets $2M Breakup Fee Without Ch. 11 Auction

By Jeff Montgomery ( February 6, 2023, 5:23 PM EST) -- An Italian pharmaceutical company chosen to serve as a bidder-to-beat for a later-canceled Delaware Chapter 11 auction of drug research firm PhaseBio Pharmaceuticals still deserves a $2 million breakup fee based on the proposal's benefit to the estate, a bankruptcy judge ruled on Monday....

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