CASI Pharmaceuticals Faces Nasdaq Delisting Decision
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2026
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Source: stocktwits
- Stock Plunge: CASI Pharmaceuticals' shares plummeted over 64% in Wednesday's opening trade, reflecting a strong market reaction to the Nasdaq delisting decision, indicating a sharp decline in investor confidence that could lead to liquidity issues.
- Delisting Decision: Nasdaq determined that CASI failed to meet continued listing requirements, resulting in the suspension of trading on Thursday, with CASI stating it does not intend to appeal the decision, showcasing a negative outlook from the company.
- Market Transition: CASI expects its existing shares to trade on the OTC market, but the company cautioned that this transition is not guaranteed, suggesting potential instability and lack of transparency in future trading.
- R&D Progress: Despite the delisting challenges, CASI continues to advance its CID-103 development, aimed at treating organ transplant rejection and autoimmune diseases, demonstrating the company's ongoing commitment to its core business amidst poor stock performance.
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.
