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ABCELLERA BIOLOGICS INC

ABCL

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
ABCL Health Care Current as of April 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Animal Testing & Research
Since Mar 12, 2026

AbCellera Biologics is a biotechnology company whose core business model relies on the commercial exploitation of animals. The company's primary revenue is derived from discovering and developing therapeutic antibodies, a process that inherently requires animal testing. AbCellera's proprietary platform, which screens millions of antibody candidates, utilizes animal-derived components and in vivo models as a standard part of its drug discovery and development workflow for partners in the pharmaceutical industry. This places the company's central commercial activity within the scope of animal exploitation, as defined by the exclusion policy.

While the company's Code of Business Conduct and Ethics references a commitment to high standards, it does not provide a policy prohibiting or limiting animal testing. The code focuses on legal compliance and ethical decision-making frameworks but offers no specific guidance or restrictions on the use of animals in research. The absence of a public animal welfare policy or commitment to alternative methods indicates that animal use is an accepted and integral component of AbCellera's business operations.

Research Sources 1 organization
Cruelty Free Investors
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.