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.
Biomea Fusion Inc. is a preclinical-stage biotechnology company whose research and development pipeline relies on animal testing. The company's primary drug candidates are investigated using in vivo models, a standard practice in the pharmaceutical industry that involves testing compounds on live animals to assess efficacy and toxicity before human trials.
The specific evidence cited from Cruelty Free Investors references a broader audit report detailing widespread animal welfare violations across U.S. laboratories. While the provided excerpts do not detail specific, direct violations by Biomea Fusion, the company's operational model is intrinsically tied to the animal testing ecosystem scrutinized in such reports. As a company with no marketed products, its preclinical research constitutes its core activity.
Research Sources
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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.