PHASQ (PhaseBio Pharmaceuticals, PNK) down 99% on 26 Feb 2026: key risks ahead

PHASQ stock plunged 99.00% in market hours on 26 Feb 2026, trading at roughly USD 0.000001 on the PNK exchange in the United States. Volume was 2,500 shares versus an average of 22,310. The drop follows long-running Chapter 11 restructuring, limited liquidity, and thin float. We examine drivers, financials, and where risk and any recovery could come from for PhaseBio Pharmaceuticals, Inc. (PHASQ) in today’s market hours.