GREENWICH LIFESCIENCES INC
GLSI
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.
Greenwich LifeSciences is a clinical-stage biopharmaceutical company whose core business model involves animal testing. The company’s lead product candidate, GP2, is an immunotherapy for breast cancer currently in clinical trials. Preclinical development of such biologics, including toxicology studies and efficacy testing, is conducted in animal models as a standard regulatory requirement. This constitutes commercial exploitation of animals for product development.
An audit of U.S. laboratories published in November 2025 documented hundreds of animal welfare violations, providing evidence of widespread suffering and systemic compliance failures in the industry. While the report did not name Greenwich LifeSciences specifically, the company operates within this same regulatory and research ecosystem where such violations are prevalent. The company’s own SEC filings acknowledge operational risks, including “intentional failures to comply with FDA regulations,” which encompass the Animal Welfare Act and guidelines for humane animal research.
The company has not published an animal welfare policy or committed to adopting non-animal testing methodologies where scientifically valid alternatives exist. Its business remains dependent on animal testing to advance its clinical pipeline.
Research Sources
1 organization
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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.
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