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.
ABIVAX SA is a clinical-stage biotechnology company whose drug development pipeline relies on animal testing as a core component of its preclinical research and regulatory submission process. The company’s SEC filings acknowledge that animal rights groups have targeted its operations, indicating its research activities involve animal use that activists consider exploitative. As a pharmaceutical developer, ABIVAX’s business model is intrinsically linked to animal-based studies to demonstrate safety and efficacy for regulatory approvals, placing it within the commercial exploitation of animals category.
Research Sources
1 organization
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The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
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.