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.
Alkermes plc is a global biopharmaceutical company whose core business model involves the development of medicines that require animal testing for regulatory approval and safety assessment. As a developer of novel central nervous system (CNS) therapeutics, Alkermes conducts preclinical research that includes in vivo studies on animals. The company’s pipeline and marketed products, such as its extended-release injectable formulations, are advanced through stages of development that necessitate animal testing as a standard industry practice for biopharmaceutical firms. This reliance on animal models is integral to its drug development process.
The company’s corporate responsibility reports from 2023 to 2025 do not disclose a formal policy against animal testing, nor do they outline commitments to adopt or fund alternative non-animal testing methods. While the reports discuss environmental and social governance, they lack substantive detail on efforts to reduce or replace animal use in its research and development activities. The absence of such commitments indicates that animal testing remains a standard, unchallenged component of its operational model.
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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.
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