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.
Compugen Ltd. is a clinical-stage biopharmaceutical company whose core business involves developing therapeutic antibodies. This drug discovery and development process inherently requires animal testing for preclinical research and regulatory compliance. The company’s pipeline candidates, including immuno-oncology therapies, are advanced through stages that typically involve in vivo studies using animal models.
While the provided evidence does not detail specific violations by Compugen, the company operates within an industry sector where animal testing is a standard, material component of the business model. The nature of its work—developing novel biological therapeutics—relies on animal data to demonstrate safety and efficacy before human trials. This places the company within the broad commercial exploitation of animals for research purposes, which is captured under this exclusion category.
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.