FOGHORN THERAPEUTICS INC
FHTX
Health Care
1
exclusion reason
1 theme
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.
Foghorn Therapeutics is a preclinical-stage biotechnology company whose research and development pipeline is built on animal testing. The company’s core platform and drug discovery programs rely on in vivo studies using animal models to advance its therapeutic candidates. As a company with no approved products, its primary operational activity is preclinical research, which inherently involves the commercial exploitation of animals for biomedical testing.
This exclusion is based on the company’s business model as a biotech firm engaged in animal-based research. No specific, recent enforcement actions or penalties against Foghorn Therapeutics itself were identified in the provided evidence. The general evidence references large penalties for animal welfare violations at research facilities and monitoring by watchdog groups, which reflects the systemic regulatory and ethical landscape within which such preclinical biotech companies operate. Without a revenue-generating product, the company’s reliance on animal testing constitutes its central commercial activity.
Research Sources
1 organization
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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.