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Filana Therapeutics Inc

FLNA

Health Care

2

exclusion reasons

2 themes

Animal Welfare (1) Corporate Misconduct (1)
FLNA Health Care Current as of March 2026

Filana Therapeutics Inc is screened out under 2 exclusion reasons spanning 2 issue categories.

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.

Animal Testing & Research
Since Mar 10, 2026

Excluded under our animal exploitation screen based on the company's commercial activities involving animals. This is a policy-based exclusion — identified through screening by Cruelty Free Investors and/or internal research.

Prior pipeline note: Filana Therapeutics is a biotechnology company whose drug development pipeline relies on animal testing for preclinical research and regulatory compliance. The company’s focus on therapeutic areas such as epilepsy necessitates in vivo studies to assess drug safety and efficacy, a standard industry p

Financial Misconduct
Since Jan 1, 2024

Cassava Sciences (now Filana Therapeutics) CEO Remi Barbier and CSO Lindsay Burns charged by SEC (2024) with securities fraud for making false and misleading statements about clinical trial results for simufilam, their Alzheimer's drug candidate. Company previously paid $40M to settle related DOJ/HHS investigation.

Research Sources 2 organizations
Cruelty Free Investors
External

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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.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.