Skip to main content
← All exclusions

CollPlant Holdings, Ltd.

CLGN

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
CLGN 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

CollPlant Holdings is a regenerative medicine company whose core technology platform is derived from tobacco plants genetically engineered to produce recombinant human collagen. The company’s commercial products, including its dermal filler and wound care matrix, are manufactured using this plant-based collagen. However, the development and validation of these products involved animal testing. The company’s SEC filings and published research indicate the use of animal models, such as mice and rats, to assess the biocompatibility, safety, and efficacy of its bio-printed tissues and medical devices prior to clinical trials. This reliance on animal testing for product development and regulatory submission places the company within the scope of the animal exploitation exclusion.

While CollPlant’s commercial manufacturing process is plant-based, its research and development pipeline for 3D bioprinted tissues and organs remains predicated on animal experimentation. The company has not published a formal animal testing policy or committed to alternative testing methods for future development.

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.