CASI Pharmaceuticals Plans Transition to OTC Markets After Nasdaq Delisting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2026
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Source: Benzinga
- Nasdaq Delisting Decision: CASI Pharmaceuticals has been formally delisted by the Nasdaq Hearings Panel due to failure to meet continued listing requirements, with trading expected to be suspended at market open on Thursday, indicating significant compliance challenges for the company.
- Transition to OTC Markets: The company plans to quote its ordinary shares on OTC Markets Group, and while it claims the delisting has 'no significant impact' on operations, this transition may affect investor confidence and limit liquidity.
- Stock Price Volatility: CASI Pharmaceuticals has a market capitalization of $4.26 million, with a staggering 91.13% decline in stock price over the past 12 months, currently trading at $0.21, near its 52-week low, reflecting a severe market environment.
- Technical Indicators Warning: The Relative Strength Index (RSI) stands at 18.40, indicating the stock is oversold, and combined with a 74.06% drop in a single day, it highlights the intensifying negative sentiment surrounding the stock.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
