Skip to main content
← All exclusions

CULLINAN ONCOLOGY INC

CGEM

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
CGEM Health Care Current as of March 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 Exploitation
Since Jan 3, 2022

Cullinan Oncology is a clinical-stage biopharmaceutical company whose core business model involves developing cancer therapies through preclinical and clinical research that requires animal testing. The company’s pipeline, including candidates like CLN-617 in Phase 1 trials for solid tumors, is advanced through standard biomedical research protocols that rely on animal models to assess safety and efficacy before human trials. As a biotechnology firm engaged in drug development, Cullinan’s operations are inherently tied to the commercial exploitation of animals in laboratory research, a practice categorized under the animal_exploitation exclusion.

The evidence gathered from public filings and third-party screens, including flagging by Cruelty Free Investors, indicates the company’s involvement in animal-based research, though specific details on the scale, species, or protocols were not provided in the sourced materials. This lack of detailed public disclosure is typical for early-stage biotech firms but confirms the company’s reliance on animal testing as a standard component of its therapeutic development process. Without a publicly available animal welfare policy or commitment to alternative methods, the company’s operations fall under the broad animal_exploitation criteria.

Research Sources 1 organization
Cruelty Free Investors
External

Wondering what we do invest in?

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.

RSS feed No spam · Unsubscribe anytime

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.