Electromed, Inc. is screened out under 2 exclusion reasons spanning 1 issue category.
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. It is a statement of values.
Electromed, Inc. is excluded under the animal exploitation category. The company's specific involvement in commercial activities that exploit animals is not detailed in the available evidence. A review of credible sources is required to document the nature and scale of its operations related to animal exploitation.
Electromed, Inc. develops and manufactures the SmartVest Airway Clearance System, a medical device cleared for market by the U.S. Food and Drug Administration. In its public filings, the company explicitly states that its FDA submission process involves "collecting data regarding design, materials, bench and animal testing, and human clinical data for the medical device." This confirms animal testing is an integral part of its product development and regulatory compliance pathway for its primary revenue-generating medical device.
Research Sources
1 organization
Related Exclusions
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.
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.