CONNECT BIOPHARMA HOLDINGS LTD
CNTB
Health Care
1
exclusion reason
1 theme
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.
Connect Biopharma Holdings Limited is a clinical-stage biopharmaceutical company whose core research and development activities rely on animal testing. The company’s pipeline of immunology-focused drug candidates, including treatments for atopic dermatitis and inflammatory bowel disease, requires preclinical testing in animal models to assess safety and efficacy prior to human clinical trials. This use of animals is central to its business model of bringing new biologic therapies to market.
A 2016 U.S. government enforcement action provides specific evidence of this reliance. The company was issued a historic $3.5 million fine for animal welfare violations related to its antibody production processes. According to the cited report, the company extracted antibodies from animals, including goats and rabbits, after injecting them with proteins to stimulate an immune response. This fine, one of the largest of its kind at the time, documents a scale of animal use significant enough to warrant major regulatory penalties.
The company’s own regulatory filings acknowledge that compliance with animal welfare regulations is material to its operations, noting that failures could force it to repeat clinical trials and delay drug approvals. This statement confirms that animal testing is not a peripheral activity but an integral, ongoing component of its drug development process.
Research Sources
1 organization
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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.
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