I'm rebuilding a battery pack for an old ThinkPad 380XD by changing the dead cells. After the replacement, the raw battery voltage is now 10.42V, which should be in the correct range for a 3S2P pack, but the voltage isn't getting to the battery's connector. The protection circuitry controls two FETs on the positive side, which are both turning on as they should, so the problem doesn't seem to be there; the negative side isn't directly connected to the output connector, instead it goes through the component in the picture:

Left terminal goes to battery negative. Right terminal goes to the output connector. Center terminal goes to the central pin of a SOT89 SMD deviced marked "PH 7Y" (no clue about that one either). Resistance between the center and the right pins reads 40 ohm, every other combination reads open.
I've tried googling the markings, no result. It was touching a couple of the cells, but it wasn't glued to them. I've thought about it being a thermistor/thermal fuse but I've already found one of each of those so...