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CARGO THERAPEUTICS INC

CRGX

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
CRGX 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 Mar 12, 2026

CARGO Therapeutics is a clinical-stage biotechnology company developing cell therapies for cancer. Its lead product candidate, CRG-022, is an autologous CD22-directed chimeric antigen receptor (CAR) T-cell therapy currently in clinical trials. The development of such biologics and cell therapies, including the necessary preclinical safety and efficacy testing, typically involves animal research as a standard regulatory requirement. This reliance on animal models for biomedical research places the company within the scope of the animal exploitation exclusion.

The specific evidence cited in support of this exclusion points to broader systemic issues within the animal research supply chain that the company's operations depend upon. A 2022 PETA investigation, referenced in the gathered materials, highlighted illegal transport practices involving monkeys destined for laboratories, underscoring ethical and welfare concerns in the procurement of research animals. Furthermore, a 2026 legislative analysis discusses the "Cease Animal Research Grants Overseas Act," indicating ongoing political and regulatory scrutiny of federally funded animal research. While CARGO Therapeutics' direct involvement in the cited incidents is not detailed in the provided evidence, its business model is fundamentally reliant on the animal testing paradigm that these reports critique. The company's S-1 filing confirms its engagement in preclinical research, which inherently utilizes animal models.

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.