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Navigating the Delisting Process: What Investors Should Know

Gracie Gottlieb | 6 October, 2023

Navidea Biopharmaceuticals, Inc. recently announced the suspension of trading in its common stock on the NYSE American. The decision has raised questions among investors, who are now seeking clarity on the company's future direction and the impact on their investments. In this article, we will explore the reasons behind the delisting, the potential implications for investors, and Navidea's plans moving forward.

Navidea Biopharmaceuticals, Inc. is a biopharmaceutical company focused on the development of precision immunodiagnostic agents and immunotherapeutics. The company's primary objective is to enhance patient care by identifying disease sites and pathways, enabling better diagnostic accuracy, clinical decision-making, and targeted treatment.

The recent decision to suspend trading in Navidea's common stock on the NYSE American came after the Listings Qualifications Panel upheld the NYSE Regulation staff's determination to initiate delisting proceedings. As a result, the company anticipates its common stock will begin trading on the over-the-counter (OTC) markets.

While the delisting decision may raise concerns among investors, it is important to note that Navidea's business operations will remain unaffected. The company will continue to be a Securities and Exchange Commission (SEC) reporting company, ensuring transparency and accountability.

Navidea has the right to request a review of the Panel's decision within 15 calendar days. The company is currently evaluating whether to pursue this option. In the meantime, Navidea is also exploring other strategic options to advance its objectives, including licensing partnerships and non-dilutive capital raise options. These initiatives aim to deliver value to the company's stockholders while moving the business forward.

In the event that Navidea's common stock is ultimately delisted, the company may consider relisting on a national securities exchange in the future if it deems it beneficial for its stockholders. This signifies Navidea's commitment to long-term growth and maximizing shareholder return.

Craig A. Dais, Navidea's Chief Financial Officer, expressed respect for the delisting process and the perspective of the Exchange's staff and Listings Qualifications Panel. Dais emphasized the company's belief in the progress being made and the positive impact of changes implemented to propel Navidea forward. He also highlighted Navidea's commitment to exploring all strategic options to achieve its business goals and create value for stockholders.

It's essential for investors to understand that delisting does not necessarily indicate the lack of potential or prospects for a company. Many successful companies have emerged stronger post-delisting, leveraging strategic partnerships and alternative financing options to drive growth.

Navidea's focus on precision immunodiagnostic agents and immunotherapeutics positions it at the forefront of cutting-edge medical advancements. The company's Manocept platform, which specifically targets the CD206 mannose receptor expressed on activated macrophages, serves as the basis for its precision-targeted products.

As Navidea navigates the delisting process, investors should consider the potential risks and uncertainties associated with the company's operations. Factors such as the timing and cost of obtaining regulatory approvals, successful commercialization of drug candidates, and advances in technology and competition should be carefully evaluated.

Investors are advised to review Navidea's SEC filings, including the most recent Annual Report on Form 10-K, for a comprehensive understanding of the company's financial condition and risk factors. These disclosures provide valuable insights into Navidea's growth strategy, anticipated trends, and potential challenges.

While uncertainties surrounding delisting can cause temporary fluctuations in stock prices, investors should consider the long-term potential of Navidea. The company's innovative approach to precision medicine and its commitment to advancing patient care position it favorably for future success.

In conclusion, the recent delisting decision by the NYSE American has prompted Navidea Biopharmaceuticals, Inc. to explore alternative avenues for trading its common stock. While this may raise concerns among investors, it is important to recognize that delisting does not reflect the company's operational capabilities or growth potential. Navidea remains dedicated to advancing its precision immunodiagnostic agents and immunotherapeutics, and will continue to pursue strategic options that align with its goals. Investors are encouraged to stay informed about the company's developments and evaluate risks and opportunities in the context of Navidea's overall business strategy.

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