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Globus Medical, Inc.

GMED

Health Care

1

exclusion reason

1 theme

Animal Welfare (1)
GMED Health Care Current as of April 2026

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.

Animal Testing & Research
Since Jul 28, 2021

Globus Medical, Inc. develops and manufactures orthopedic medical devices, including spinal implants and surgical robotics systems. As part of its product development and regulatory clearance process, the company conducts pre-clinical testing that includes animal experiments. A 2022 academic paper on surgical robot development cited Globus Medical's technology and noted that "in the early stages, animal experiments confirmed the accuracy" of similar robotic systems. The company's regulatory filings with the SEC reference its "mechanical testing laboratory" and the use of "pre-clinical studies" to support applications for FDA clearance.

The U.S. Food and Drug Administration (FDA) issued a warning letter to Globus Medical on July 15, 2024, citing violations of applicable regulations noted during a facility inspection. The agency stated the firm failed to provide documentation to demonstrate completion of all corrective actions. This regulatory action underscores the company's ongoing engagement with FDA-mandated testing protocols, which for implantable devices routinely include animal testing to demonstrate safety and efficacy.

Research Sources 1 organization
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.