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Corbus Pharmaceuticals Holdings, Inc.

CRBP

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
CRBP Health Care Current as of April 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 Testing & Research
Since Jan 3, 2022

Corbus Pharmaceuticals Holdings, Inc. is a clinical-stage biotechnology company whose business model is predicated on the development of novel drug candidates. As a pharmaceutical research entity, its drug discovery and development pipeline inherently relies on animal testing to satisfy regulatory requirements for safety and efficacy prior to human clinical trials. This standard industry practice involves the commercial exploitation of animals in laboratory settings, which falls under the broad exclusion category for animal exploitation.

The company’s primary drug candidate, lenabasum, progressed through preclinical studies that required animal models. A 2024 study published in the journal *Drug and Alcohol Dependence*, which evaluated the abuse potential of lenabasum, involved human participants (n=56), but such clinical-stage research is built upon foundational animal data. As a company with no marketed products and whose value is derived entirely from its research pipeline, Corbus’s operations are fundamentally dependent on animal testing.

Research Sources 1 organization
Cruelty Free Investors
External

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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.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.