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.
Chimerix, Inc. is a biopharmaceutical company whose core business of developing antiviral and oncology therapeutics relies on animal testing as a standard component of its preclinical research and regulatory submission process. The company's pipeline and product development are contingent on data from animal models to assess drug efficacy and safety.
The company's operations are subject to oversight by Institutional Animal Care and Use Committees (IACUCs), which are charged with ensuring compliance with the Animal Welfare Act. This regulatory framework confirms that the use of laboratory animals is an integral and ongoing part of Chimerix's research activities. The absence of a publicly declared alternative testing strategy or commitment to replace animal models indicates this exploitation remains a foundational element of its business model.
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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.