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.
CorMedix Inc. is a clinical-stage pharmaceutical company whose lead product candidate, DefenCath, is a catheter lock solution designed to prevent bloodstream infections. The company’s regulatory filings and public disclosures confirm that its drug development process relies on animal testing as a required step for FDA approval. Its annual reports explicitly state that “pre-clinical laboratory and animal tests performed under the FDA’s Good Laboratory Practices” are part of its development program, and that biological testing “is typically done in animal models to demonstrate the activity of the compound.” As a pharmaceutical company seeking market authorization for a novel drug, CorMedix commissions and funds this animal testing as a core component of its regulatory compliance and product development pathway.
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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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