Skip to main content
← All exclusions

Denali Therapeutics Inc.

DNLI

Health Care

2

exclusion reasons

1 theme

Animal Welfare (2)
DNLI 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 Jan 3, 2022

Denali Therapeutics is a clinical-stage biotechnology company developing therapeutics for neurodegenerative diseases. Its drug development pipeline relies on animal testing to validate drug candidates, assess safety and efficacy, and meet regulatory requirements for Investigational New Applications (INDs) and clinical trials. The company’s strategy explicitly includes validating biomarkers in animal models prior to human trials. As a pharmaceutical research entity, Denali’s core operations inherently involve the commercial use of animals in laboratory testing.

Animal Testing & Research
Since Jul 28, 2021

Denali Therapeutics is a biotechnology company developing central nervous system-targeted enzyme replacement therapies for neurodegenerative diseases. As a pharmaceutical developer, its preclinical research pipeline requires animal testing for regulatory compliance and safety assessment. The company’s published research explicitly references using animal models, including nonrodent species such as rabbits, for general toxicology studies. A 2024 publication lists Denali Therapeutics Inc. as the affiliation for authors conducting this animal testing. Further, the company’s SEC filings acknowledge that “long-term preclinical testing, such as animal tests” is part of the drug development process, and external research on its investigational compounds notes that the studies were funded by Denali. There is no public commitment to alternative testing methods or a phase-out plan for animal use in its research.

Research Sources 1 organization
Cruelty Free Investors
External

Wondering what we do invest in?

The Naughty List

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.

RSS feed No spam · Unsubscribe anytime

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.