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.
ESSA Pharma Inc. is a clinical-stage pharmaceutical company whose drug development pipeline relies on preclinical animal testing. The company's lead therapeutic candidates for treating prostate cancer are developed using animal models as a standard component of the research process.
While the specific details of ESSA Pharma's animal testing protocols are not publicly documented in the gathered evidence, the company operates within an industry and research framework where animal testing is a foundational, required step for regulatory approval of new drugs. This places the company's core business activity within the scope of commercial animal exploitation.
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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.